Re:Given the odds, is taking venture capital the best way to...
by menloparkbum on Tuesday June 02, 2009 @02:23AM
(#637435)
Perhaps it's more of a negative selection bias.
I know 9 people who have made $5-$10M from software companies they have founded without taking outside investment. Most of the money was made by selling out to a bigger company, although one guy still is doing his thing.
They don't go to conferences, aren't famous and don't invest in startups. Maybe that amount doesn't count as being rich, though.
I know 9 people who have made $5-$10M from software companies they have founded without taking outside investment. Most of the money was made by selling out to a bigger company, although one guy still is doing his thing.
They don't go to conferences, aren't famous and don't invest in startups. Maybe that amount doesn't count as being rich, though.