MBA1235 Q&A Wednesday: Should I get funding before I launch?

You want to launch a business. Should you bootstrap down and go lean, or take a hefty investment from an outside source? It’s Q&A Wednesday, and one of our listeners is pondering whether to take money from an investor or bank. Is a pile of outside money a launching pad, or a trap? Is it wise to take money before getting proof of concept, or silly to turn perfectly good dollars away?