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Very few entrepreneurs raise venture capital. They instead grow
their business from savings, internally generated cash flow, bank
loans, etc. In other words, they financially bootstrap the business. That is overwhelmingly the normal case when a successful business is created.
their business from savings, internally generated cash flow, bank
loans, etc. In other words, they financially bootstrap the business. That is overwhelmingly the normal case when a successful business is created.
Jeff Bezos: "In business, every once in a while, when you step up to the plate, you can score 1,000 runs. This long-tailed distribution of returns is why it’s important to
be bold." VC is about discovering one to [insert small integer here] of these very rare wins in a fund.
be bold." VC is about discovering one to [insert small integer here] of these very rare wins in a fund.
"Value creation must be at least 3x the amount of cash burned or you’re wasting investor value. Think: If you raise $10M at a $30M pre ($40M post) that investor needs you to exist for at least $120M (3x) to hit his or her MINIMUM return target." bothsidesofthetable.com/what-is-the-ri…
