27 Jun 2023
30m

Why Entrepreneurs Don’t Need Venture Capital to Scale

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HBR IdeaCast

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This podcast episode explores the entrepreneurial journey of Mike Salguero, founder of ButcherBox, a successful meat delivery company. Salguero emphasizes the importance of aligning incentives between entrepreneurs and investors, the viability of starting a business without venture capital, and the power of pre-selling, influencer marketing, and focusing on profitability from the start. He also discusses the challenges and decisions faced by ButcherBox during the COVID-19 pandemic and how the company managed to grow and maintain its core values without outside funding.
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