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Here's the premise: Taking that VC money is a root cause of most/all of the "Deadly Mistakes" Rob and Josh made with EventVue (read their post-mortem here: http
by chris123 17y ago
Here's the premise: Taking that VC money is a root cause of most/all of the "Deadly Mistakes" Rob and Josh made with EventVue (read their post-mortem here: http://blog.eventvue.com/post/372936164/post-mortem http://blog.eventvue.com/post/372936164/post-mortem and the TechCrunch article here: http://www.techcrunch.com/2010/02/05/eventvue-deadpool/ http://www.techcrunch.com/2010/02/05/eventvue-deadpool/). There are some updates and clarifications there, too, based on comments from Josh of EventVue. Thanks, Josh.
Whatever you think about that premise, hopefully you'll agree that it's not a bad idea to stop, think, and discuss before you make an irreversible, and potentially fatal, decision.
- MrHyde 17y agoAnd the weakness of the premise can be seen in "Update: Josh of EventVue clarified that they raised angel money, not VC money."
- chris123 17y agoThanks for the comment, but it's a red herring (http://www.fallacyfiles.org/redherrf.html http://www.fallacyfiles.org/redherrf.html). Whether the money comes from an angel or a VC or a bank or China or your dad, you still need to stop, think, and discuss before you do choose to take outside financing, under what terms, from whom, when, and why (three times). That's the point :)