Re:Chasing the Money: Stop Trying to Raise. Start Trying to ...
by jasonlbaptiste on Thursday May 07, 2009 @04:31PM
(#598611)
A lot of people forget VC is a growth mechanism. It depends on someone's plans. Maybe you don't want to be a big 100 million dollar company that has to play the "VC Exit" game. Then sure, you don't need to raise money. You didn't at fog creek, and you're killing it.
Some people like to play the "VC Exit" game and raise the money to grow a company to potentially become huge. Sure they could still grow with their own revenues, but a 6 million infusion will sure make it happen a lot faster.
Most of this everyone already knows. Just a lot of entrepreneurs out there that want to raise money when a) they havent done the simple things they should have or b) for validation and because tEh Bl0gz instill this need to raise VC to succeed.
Some people like to play the "VC Exit" game and raise the money to grow a company to potentially become huge. Sure they could still grow with their own revenues, but a 6 million infusion will sure make it happen a lot faster.
Most of this everyone already knows. Just a lot of entrepreneurs out there that want to raise money when a) they havent done the simple things they should have or b) for validation and because tEh Bl0gz instill this need to raise VC to succeed.