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One of the big things I have come to conclude is that the best idea is one which is both scalable and doesn't need VC funding to get going. One can then take o
by einhverfr 14y ago
One of the big things I have come to conclude is that the best idea is one which is both scalable and doesn't need VC funding to get going. One can then take one's time, think about the drawbacks and benefits of VC money, and decide which is the right way to go.
I consider my business to be moving from self-employment mode to start-up mode, but I am not at all sure that I want to be a "start-up" in VC terms because this has a very specific meaning there. The meaning is "this is the stage before acquisition or IPO" and therefore it locks you into the VC exit strategy. I would like to be a start-up in the sense that W. L. Gore and Associates was in 1958....