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How true is this commnent? I'm not in the VC/Startup world anymore so I can't validate this statement: Truth – Capital Chases Entrepreneurs, not the other way
by gacba 16y ago
How true is this commnent? I'm not in the VC/Startup world anymore so I can't validate this statement:
Truth – Capital Chases Entrepreneurs, not the other way around. Invest all your energies in building a GREAT business. Everyone will be ringing your doorbell.
but it doesn't smell quite right to me. You gotta network to tell the VCs about your idea to get them excited, and THEN doorbells start ringing...but just build it and they will come? Sounds naive.
- rodinhood 16y agoWell, I have raised venture capital 7 times for 4 start up's. 2 of these companies were acquired - by the Walt Disney Company and Norwest Venture Capital. My learnings in all of these are that the moment Value seems to start building, your colleagues, your partners, the industry gets a whiff and VC's start calling. In none of my 7 raises did I have to do door to door selling. When I did, I never raised money!