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by DigitalSea
4084 days ago
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Like anything in this world, more money means more opportunities. There is nothing wrong with organically growing your company, but sometimes taking investment can help you realise your goals a little faster. If you have a truly unique product or application, you'll want to get it out there before someone copies your idea and executes it better. I think the biggest advantage of investment from a proper VC is you will usually gain access to helpful resources, business advice, mentoring and support. It is in the best interest of the venture capitalist(s) to guide you as much as possible (consider it is their money). The downside to investment is you'll have to give up a piece of your company and if you don't need investment, why lose a piece of your company just because someone gives you some money? The reality is once you take investment, you no longer just get to call the shots anymore. It becomes a collaboration, a team effort and anything you want to do which could affect the investment will need to be run by the appropriate entities (this can result in you not having as much freedom as you would without taking on investment). My advice would be to hold off. If you don't need it, don't seek it. You will only be giving up a piece of your own company for possibly zero benefit other than a little more cash buffer. Especially considering you are planning on selling the business in a year, what if you don't sell it for as much as you needed too? Then the VC gets everything and you get nothing. |
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