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You are probably aiming for a high chance of a successful business? They don't want that. They want a low chance of a unicorn. If anyone wants a wake up call o
by quickthrower2 4y ago
You are probably aiming for a high chance of a successful business? They don't want that. They want a low chance of a unicorn.
If anyone wants a wake up call of what normal investors (not VC) value typical companies at, watch the UK series Dragons Den, where they offer people 50,000 pounds for 33% of the company, and suchlike.
- verelo 4y agoOh I’m very aware. I’ve raised over $60m in my career to date. I wish the world was different, but it isn’t and you’re right, the math for them doesn’t work in other circumstances. It’s hard trying to bootstrap but it’s depressing trying to run a venture business knowing how much you give up and how it actually reduces your chances of success. Someone recently referred to their past success as a lightening strike, it’s the perfect wording to me. It happens, it’s real, but you shouldn’t expect it too many times in your life.
- OJFord 4y agoI'm also in the UK, but I'm aware there's a US spin-off called Shark Tank that many here might be already/more familiar with. I've never seen it, but I assume it's similarly low valuation - what they would call 'mom and pop' businesses.