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Dharmesh, I think you overestimate folks' personal funding. Most people don't have cash to both live and pay (even small) startup expenses for 6months - 2 year
by webwright 18y ago
Dharmesh, I think you overestimate folks' personal funding. Most people don't have cash to both live and pay (even small) startup expenses for 6months - 2 years in might take to hit profitability or early liquidity.
That aside, there seems a strong correlation between liquidity and VC investment (even nowadays). The connections, maybe?
Of course, there are plenty of examples where you can involve VC at the END, like StumbleUpon did-- Garrett Camp chugged along with it in Calgary for 3 years before heading down to SV and getting it sold (if memory serves)-- once he got investors.