What are the pluses and minuses of each strategy for you and the company?

The $1bn Fintech IdeaThe objective of this discussion is to put you in the center of a very common situation in the startup world: the big idea. Using your knowledge about company funding and pathways, how do you frame your thinking to make the best decision for yourself, your company, and those around you?You have what you think is a $1bn idea in the fintech space—to be proven, of course, in a planned pilot study (est. cost $400K). You recently received $500,000 from a family inheritance. Your best friend is a finance guru and works for a venture capital firm, and over dinner expressed some initial interest in the firm making an investment.Do you fund this company yourself?Do you look to get investors to fund the company?What are the pluses and minuses of each strategy for you and the company?Now, your best friend says she would consider quitting her VC job and joining your company—but needs you to cover her lost salary for 18 months.Will you hire her now or use the money for something else? How will you pay for all of this?Before you post, read through your peers’ posts to make sure you are posting a new idea—and who knows, maybe their ideas will make you think of something new. That is actually the point of engaging in discussion! If you are building off of someone else’s idea, please reply to their post directly. This creates a thread.