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I think a lot of entrepreneurs don't want to take VC money, to stay 100% in control of their idea, and try raising funds through saving money while working for
by dutchbrit 14y ago
I think a lot of entrepreneurs don't want to take VC money, to stay 100% in control of their idea, and try raising funds through saving money while working for others. Not being able to focus on a project is also a killer. And a lot of people keep getting new ideas while building a project which keeps on delaying their project. The latter is silly, determine what you want in your first release and stick to it. Additions can always be added later on.
- zio99 14y agoI think your advice's spot on: 1. focus, 2. Avoid feature creep. Regarding control, I wanted to add what Ryan Carson's 2 cents regarding VC funding: "I was against raising venture capital for a long time. I felt giving away some control of your company would be distracting. Now that we’ve raised $5m, I can say raising money with the right investor will really push you faster and harder as an entrepreneur. It feels like going from university sports to the pros. The pace is faster and everyone is more experienced. I’m so glad we’ve raised money and it’s taken me to the next level as a business owner." Source: http://ryancarson.com/post/25580650719/7-dos-and-donts-for-founders http://ryancarson.com/post/25580650719/7-dos-and-donts-for-f...