this brushes over the most obvious reason and its evidence almost immediately. i've always felt that taking other people's money, i.e. venture capital, before

this brushes over the most obvious reason and its evidence almost immediately. i've always felt that taking other people's money, i.e. venture capital, before you have a viable (i.e. running and profitable) business is almost certainly a bad idea and its indicative of desperation. its a massive and risky shortcut in many cases. nobody i know who was successful in business even entertained the idea, let alone did it. they saved money, scraped it or just poured their spare time in to succeed. starting out e.g. £100k in debt but with £100k in the bank just sounds dangerous... in my experience people are terrible with money, especially if its not their own in any way... if you start properly without taking other people's money in the form of loans, credit or venture capital then failing is exceptionally difficult regardless as to anything else...