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by ulfw
4329 days ago
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Opposite for me. I wish I took VC money. I bootstrapped my startup. We failed. And part of why we failed (besides obviously being cash strapped) was the early validation that we were lacking (from a customer side, but also from an investor/VC side). One shouldn't underestimate the experience and connections those guys have. |
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If you lack customer validation, you don't have a business. Period. Beyond the seed stage, venture firms are investing to scale nascent businesses. Without customer validation, you aren't going to be able to raise a meaningful amount of capital from investors. Put simply, investor validation is a function of customer validation.
The great thing about customer validation is that you don't need lots of money to get in front of customers, and sometimes you don't even need a finished product at all. No VC is going to do this legwork for you.