[danieltillett]

>Some VCs have even refused to permit early sales that would have made the founders comfortable (i.e., 1-5mm per founder): while top-tier VCs _won't_ do that (that would make founders who have their pick of VCs be reluctant about accepting their funding), it's probably not the best idea in the world to take substantial amount of VC funding without even considering the possibility of building a public company.

Why? If the odds really are 1 in 10 (I suspect they are lower than this) and you only have a couple of chances to do a start-up in your life then why risk it all on the chance of getting big? The hedonistic value of money has a pretty steep fall.