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Entrepreneurs: Why do you need VC anyway?
- fookyong 16y agoI shouldn't feed the troll, but: 1) Scoble hasn't started a company. As far as I can tell he jumps from one major corporate sponsor to another. Based on his background I don't think he's qualified to talk about this. Correct me if I'm mistaken. I know he reports on startups a lot, but well, I like going to the zoo but I have no idea how to change an elephant's diaper. 2) PCH (cited in this article) raised VC: http://techcrunch.com/2008/09/29/21-million-for-mr-china/ http://techcrunch.com/2008/09/29/21-million-for-mr-china/ My opinion, I think you can get away with saying "you don't need VC to do great things", but certain types of business are going to need VC. Plain and simple. If you're making software where your marginal costs per user are low, but ARPU is high, then if you have the talent and determination you can probably bootstrap until you're in the black. For some reason people get it into their heads that this is the archetypal web startup. It's not. Some need tons of initial capital outlay, some don't get profitable until there is massive scale. And lets not forget that VC isn't just about money.