Re: Devils advocate on the “VCs will die meme”

MIGHTYBIGMEDIA — Sun, 07 Dec 2008 13:48:11 -0000

When launching my company I bought into the, "Why take money?... I'll go viral" school of thought and actually turned down some investment... wanted to keep that 100% share. Well, the money went to a friend and former colleague who was also launching a start-up. Fast forward 6 months. I hit unforeseen snags with partners, he did too... but money got him over the hump while I'm still climbing that hill. More often than not, money makes the difference. Don't buy into the "Apple started in a garage" legend... in the vast majority of instances there's a hidden chapter in the story that is rarely reported ... the warm path lined with money.

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Re: Devils advocate on the “VCs will die meme”