Re:Forget VC Money, Fund Yourself
by jwecker on Saturday February 24, 2007 @06:59AM
(#869)
True. And to clarify my comment, it is also a _slow_ way of growing in many cases. I've just seen so many people willing to burn through other peoples' money without a thought that the idea often appeals to me.
The real principle here is the golden rule of spending money- no matter what the source is: put yourself in the investor's shoes (even if there isn't one). Pretend it's your $10,000 or $5mil and you're investing in a company that you have little control over- would you be pleased with how it is spent?
The real principle here is the golden rule of spending money- no matter what the source is: put yourself in the investor's shoes (even if there isn't one). Pretend it's your $10,000 or $5mil and you're investing in a company that you have little control over- would you be pleased with how it is spent?