The book of inspiration

June 9, 2015

building value

Filed under: tech — zproxy @ 9:48 am

You can grow a small business into a bigger business, as long as you aren’t funded by people who are expecting to make a quick buck.

for the record I think venture capital is ”to be honest” for weak entrepreneurs.

VCs, and they tell me the same thing over and over again: DON’T RAISE VENTURE CAPITAL!

it is the most expensive and explosive money you can raise

VC believe in preferred shares and liquidation preferences.

VCs have no problem shutting down your company.

the truth is the human mind”no matter how brilliant”is limited to being able to juggle 7 +/- 2 items in short term memory.

However, when you are in the first two or three years of your business you should focus on one thing: building value

(translation: revenue).

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