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Great advice. I am not seeking investment yet but this is definitely something I may have to do in the future if I want to accelerate growth for instance. Afte
by edshiro 8y ago
Great advice. I am not seeking investment yet but this is definitely something I may have to do in the future if I want to accelerate growth for instance.
After a few unsuccessful attempts working as employee in startups, I have decided to build my own. Over time and through multiple setbacks I have learned more about myself and what I want when it comes to the type of company I am building. To me it's very important for my co-founder and I to have control over the destiny of our company. Getting VC money can shift the balance of power and you could lose control over what you have built, which is not ideal. For instance VCs could block an exit opportunity which could result in life changing money for you because the return they get is below their expectations.
This may sound very naive, and I don't claim to understand your circumstances, but make sure you already have a strong, growing business so that you play a strong, iron-clad hand when discussing funding with VCs.
All the best my friend.