Fund-raising is only a means to an end. And sometimes it's an excellent way to scale a business after the business has been figured out. But taking VC money just because it makes you feel cool and high-status is a terrible risk-reward decision. You're trading the next 4+ years of your life and a huge chunk of your company's value for bullshit short-term prestige.
I think entrepreneurs should always maintain a tunnel-visioned focus on hard results and performance, if you absolutely kill it and dominate your market, everything else will follow. Fame, recognition, and status are for tech scenesters and bloggers - not startup founders.
I think entrepreneurs should always maintain a tunnel-visioned focus on hard results and performance, if you absolutely kill it and dominate your market, everything else will follow. Fame, recognition, and status are for tech scenesters and bloggers - not startup founders.
Startups are the ultimate test of your inner scorecard - http://therealfoxyroxy.wordpress.com/2009/07/11/an-inner-sco...