Raising venture capital proves exactly one thing: that you can raise venture capital.
Market validation in terms of paying customers or masses of addicted users is more valuable than the vote of confidence of a limited set of investors (even really smart ones).
Disclaimer: I've done startups both ways, and my most recent venture has raised $17 million in VC.
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Raising venture capital proves exactly one thing: that you can raise venture capital.
Market validation in terms of paying customers or masses of addicted users is more valuable than the vote of confidence of a limited set of investors (even really smart ones).
Disclaimer: I've done startups both ways, and my most recent venture has raised $17 million in VC.