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"You are more than three times as likely to crash your startup as you are to ring the NASDAQ opening bell."
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Scooped by Robin Good |
doddy frnces's curator insight,
March 22, 4:27 AM
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doddy frnces's curator insight,
March 22, 4:27 AM
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Rachel Chalmers illustrates five key reasons why it may not be such a great idea to get your startup funded by venture capital.
These include:
Key advice: VCs are optimizing for a very specific outcome (making a large as possible profit fast). Share that alignment, or don’t take their money.
Chances to convert a startup into a VC-funded success, are not very high, if you look at the numbers. But worse than that, is what you have to endure and give up to achieve that goal.
Useful. 7/10
Full article: http://modelviewculture.com/pieces/five-reasons-not-to-raise-venture-capital
Reading time: 7 mins.
See also: http://www.masternewmedia.org/bootstrapping-startups-guide/