2 ms·
The general lesson I've gotten from most stories related to VC is to not involve VC if I can help it. It's the safer, simpler course. And also, ideally, never t
by mkramlich 16y ago
The general lesson I've gotten from most stories related to VC is to not involve VC if I can help it. It's the safer, simpler course. And also, ideally, never take on investors of any kind. Again, as long as there is no real pressing need. Instead, start tiny, grow organically. Maybe take on a co-founder, give them equity, if they have the right talent and the fit is good, and you want to conserve cash to help stave off needing investment, etc.
Also, don't take on employees unless it's necessary to turn it into a (more) passive income stream. Speaking ideally again.
- hga 16y agoYeah, but the problem with the above is that it necessarily limits the scope of your venture. E.g. you're very unlikely to do anything related to hardware with such constraints (I keep wondering where the next "wow" hardware development akin to the FPGA is going to come from in the current post-dot.com crash funding ecosystem). I suspect there's a continuum from keeping the most control to having the greatest chance of "changing the world".