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I appreciate your detailed and involved response, and I appreciate your experienced perspective. That said, I'd like to make a few points. First, I suspect you're assuming I'm new to the industry or that I am working on my first startup. In fact, I have done several, had a number of good exits, and am currently building another profitable, growing business in a large market. I am no stranger to building successful businesses, and I've put in my time on the web developer's equivalent to the 80186 project. Second, my experience is that success in building businesses in no way translates to the kind of popularity or network that venture capitalists look for. Your claim that simply working in a startup gives one visibility to other entrepreneurs and those who funded them is not something I have seen. I have seen tons of contact with vendors, customers, strategic partners, etc, but never venture capitalists. They simply don't move in the same circles that bootstrapped companies move in. Mind you, none of this is sour grapes. We're doing quite well growing on the basis of our own cash flow. We are happy to have never diluted ourselves and we are happy to have full control over the board and decision-making. But if we ever got to a point where we would like to accelerate our growth with outside capital, there is a no door open to us in the VC community, because we lack access to that network. Bank loans or traditional boutique private equity firms would be the likely targets of our financing efforts. Anyway, I enjoyed your story of your time at Intel - it's great to see one of the "fathers" of early microprocessors here on HN. Thanks. |