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by jheriko
4497 days ago
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No 1. by miles and miles is fundraising at all. Just saying, but nobody successful I know spends or spent any time raising funds for their company that wasn't just saving their wages. The one case I know of where they tried (after already being successful I would add) they were already doomed before going down that path ... it just took a while for it to come to fruition. Given that the only people I know who thought this was a good idea lost their business from right under their nose anyway I'm not inclined to think that in general it is a good idea. The small number of spectacular successes that came from VC capital make it seem more reasonable as a choice than it is... they also make it easier for VCs to invest and see a return because some of those spectacular success are worth a lot and more than make up for the fact that without them its just a game of losing money constantly... |
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