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Congratulations on having a successful business. There's nothing wrong with a business that grows slowly, pays you a salary, and remains profitable. I've walke
by bruce511 3y ago
Congratulations on having a successful business. There's nothing wrong with a business that grows slowly, pays you a salary, and remains profitable.
I've walked a similar path and, while I'll never be a multi-millionaire, I'm very comfortable and have more than I need. Small, stable, businesses that offer good secure jobs are the backbone of the economy.
All that said, there are investors out there who are interested in folk like you and me. A track record of success, coupled with potential, and immediate returns is attractive.
VC investors are ultimately investing in people, not businesses. The idea matters to some extent, but its more of a pitch in the person or team. This is partly why college is so predominately material. In the folk "starting out" there's little else to look at.
(Always have your first date on a famous college campus, then you can forever drop "we met at harvard" into the conversation.)
To be honest, VC investing isn't for me at this stage in my life, and it may or may not be a good fit for you. For many it's a great fit though, and in some ways their "first good job".
So I think the advice in thr post is fine - if you -want- to go this route then go for it. The worst they can say is "no".
- sebastiennight 3y ago> (Always have your first date on a famous college campus, then you can forever drop "we met at harvard" into the conversation.) That was hilarious. Do people really do that?
- bruce511 3y agoProbably not, but it sounds like an excellent strategy :)
- _akhe 3y agoVery good points, especially about timing / stage of life. > track record of success This is another factor - I didn't work at Facebook or Google and am not a member of the Bank of Mom & Dad, so if I got into investing I'd want to have enough extra time and money built up that I could participate in (or lead) the round and get a number of others involved, rather than being a candidate/applicant asking for funds and help - I'd want to be active in it. Great points, thanks for sharing!