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Another useful metaphor is that venture capital is rocket fuel. It's not useful if you're not building a rocket. And VCs only really want to give rocket fuel to
by hugs 9y ago
Another useful metaphor is that venture capital is rocket fuel. It's not useful if you're not building a rocket. And VCs only really want to give rocket fuel to rocket builders, anyway. VCs will be angry if you end up building a car or a plane instead of a rocket, no matter how awesome the car or plane that you built is, because they promised their investors (LPs) that they would only invest in rockets. But if you've clearly already built a rocket (perhaps after years of bootstrapping, and it's now obvious you can reach orbit -- if only you had enough fuel -- then venture capital, err rocket fuel, might make sense.)