Don’t Take the Money!

With the venture capital and IPO markets opening up big time, everybody is an entrepreneur again.  That’s good news.

Everybody also wants to raise venture capital again.  That’s bad news.

Martin Tobias has a great post where he talks about telling three entrpereneurs in one day to avoid VC.  That’s pretty good.  A VC talking against his own game.  I like that.

I sometimes do a class at NYU’s Stern Business School called "Venture Capital, When You Need It, When You Don’t".  I make the point in this class that Venture Capital is the wrong source of capital for the vast majority of entrepreneurial ventures.

Here is the powerpoint I use when I teach the class.  If you are thinking about raising venture capital, give this a read and think hard about it before you start the process.