The downside of venture capital, entrepreneurs need to remember that investors prefer trying for billions and failing, and consider trying for millions and succeeding a failure.
I've read a few bitter stories about people with ramen-profitable businesses who got a late-stage investment into their bootstrapped company. Basically you spend years slowly kindling a small fire, and the VC comes over a dumps a truckload of lumber on it. Might get the bonfire they're looking for, but they don't really care if they just smother your campfire instead.
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The downside of venture capital, entrepreneurs need to remember that investors prefer trying for billions and failing, and consider trying for millions and succeeding a failure.
I've read a few bitter stories about people with ramen-profitable businesses who got a late-stage investment into their bootstrapped company. Basically you spend years slowly kindling a small fire, and the VC comes over a dumps a truckload of lumber on it. Might get the bonfire they're looking for, but they don't really care if they just smother your campfire instead.