For fast-growing technology businesses, the true cost of capital isn’t always obvious.

In this short video, Mighty's Investment Manager Luka Flannigan breaks down why debt is often cheaper than equity, especially when your business is scaling. Using a simple pie analogy, he explains how fixed-cost debt can preserve ownership and unlock capital efficiency, while equity can become increasingly expensive as your valuation grows.

If your business has access to debt, it's usually a sign of strong fundamentals and unlocks an opportunity to scale without dilution.

Watch the video and explore the visuals to understand the trade-offs more clearly.