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My point is that if you find a way to make progress on your own, you should be able to get to a product or proof point that enables you to raise capital. In other words, the problem isn't that you can't get funding, the problem is that you haven't built something good enough yet. Inability to raise capital is the result of a problem, not the cause.
For certain types of businesses (life sciences, cleantech, movies?) the dynamics of raising capital may be different -- I'm primarily talking about software/internet companies.
Commented Apr 9, 2010 on You Have to Be A Fool to Start a Company at Babbling VC
You Have to Be A Fool to Start a Company
If you really think about it, launching a business is pretty foolish. I don't have exact statistics but I'd bet at least 70% of start-ups are out of business after 5 to 7 years time (it's a highly contested debate: "failure rates"). Even if you are successful though, you have to have tons of res...
Aggregate stats are irrelevant in evaluating any 1 company. It seems a lot of folks try to find reasons to explain why they aren't successful:
-They live outside the Valley
-VCs are too risk averse/can't get funding
-Macroeconomic issues
-Overall failure rates
These are just reasons to rationalize giving up. If you build something valuable none of the above matters. If you don't believe in what you're building anymore, time to start over/move on. Either way, find reasons to succeed... not reasons to fail.
Commented Apr 9, 2010 on You Have to Be A Fool to Start a Company at Babbling VC
You Have to Be A Fool to Start a Company
If you really think about it, launching a business is pretty foolish. I don't have exact statistics but I'd bet at least 70% of start-ups are out of business after 5 to 7 years time (it's a highly contested debate: "failure rates"). Even if you are successful though, you have to have tons of res...
I attended the first event, but missed this one because I didn't hear anything about it. Is the only place to get info about the meetups on the TSF website?
Commented Apr 9, 2010 on Triangle Startup Factory Mixer 2 at Southeast VC
Triangle Startup Factory Mixer 2
Thanks to Chris Heivly, head of the Triangle Startup Factory for inviting my partner David and I out last night to his 2nd mixer for software entrepreneurs here in the area. The event was held at Bronto's office with pizza/soda provided by CED. There were about 75+ people there and it was exclus...
Some of these folks fall into both categories, but here are 6 of each:
Entrepreneurs: Peter Thiel, Steve Blank, Mick Mountz, Elon Musk, Mark Pincus, Mark Zuckerberg
VCs: Josh Kopelman, Maria Cirino, Vinod Khosla, Brad Feld, Mike Maples, Jr., Marc Andreesen
Commented Mar 10, 2010 on VC Bookworm at Seeing Both Sides
VC Bookworm
"I've decided to write a book," I told my wife over a year ago. She gave me that what-the-bleep-are-you-talking-about look. You may be familiar with your spouse. "You've what?" "I've decided to write a book," I repeated, slightly less confidently. "On what?" "Venture capital and entreneursh...
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