Do you really need venture capital?

Yes for a sum of money makes life easier and removes a number of complications, but that the right short-term goal? The amount of time you spend looking for venture capital, can be better used to work with clients, building a product, understand how to achieve revenue and get your business closer to your next big milestone production.

I say this because I had two different experiences. My first involved spending more than two years looking for elusive VC cash, ignoring the real customers who could have supported and led the company further. End result - death to rewrite the business plan and finding a better evaluation.

My second experience involved building a business from scratch without VC funding at all. At the same time took the first to fail, the second supports 12 employees and has become a cash flow positive by 6 months. Today, companies cashing $ 260,000 in revenues in a country where average income per capita is less than 800 dollars a year. Yes, it is small but it is ours.

If you run a small business or if you want to run a profitable and are not the kind of sharing, venture capital is not a good fit for your future projects. Venture capital is expensive risky debt, conditions are very expensive. The words are meaningless when you have fixed the credibility, must hit milestones quickly grow to a certain size inorganically, change the world in a short amount of time and are indifferent to who ends up with the business you built with your hands.

If I need money I would look at what I want to achieve and if the four conditions mentioned above do not apply, see if I can find a way to get there without VC funding. Will be slower, more painful journey but atleast I will get somewhere .......