Uploaded August 2026 | Updated September 2026, 1 week ago
Joe De Sena says capital can be a curse.
Companies raise money, get sloppy, and burn it.
Richard Baker does not argue. He raised $700 million in February 2021 and blew through it in three years.
Joe fires back: Mike Tyson burned through $350 million in one year, and people called it impossible.
Baker says he is right there with him.
Then he lands the real point.
His philosophy is to use as little money as possible in every deal.
When he fails, he fails small.
When he wins, he wins big.
The $700 million lesson is not about the number.
It is about what capital does to discipline when you stop treating every dollar like it is the last one.
Want to learn more?
🎧 Listen to Richard in the latest episode of The Hard Way.
youtu.be/pyoVA0PMNRc
#RichardBaker, #entrepreneurship, #raisingCapital, #businessDiscipline, #TheHardWayPodcast, #SpartanRace
Joe De Sena says capital can be a curse.
Companies raise money, get sloppy, and burn it.
Richard Baker does not argue. He raised $700 million in February 2021 and blew through it in three years.
Joe fires back: Mike Tyson burned through $350 million in one year, and people called it impossible.
Baker says he is right there with him.
Then he lands the real point.
His philosophy is to use as little money as possible in every deal.
When he fails, he fails small.
When he wins, he wins big.
The $700 million lesson is not about the number.
It is about what capital does to discipline when you stop treating every dollar like it is the last one.
Want to learn more?
🎧 Listen to Richard in the latest episode of The Hard Way.
youtu.be/pyoVA0PMNRc
#RichardBaker, #entrepreneurship, #raisingCapital, #businessDiscipline, #TheHardWayPodcast, #SpartanRace
