04 June 2013

You Don't Necessarily Need VCs

You Don't Need VCs - The Accelerators - WSJ: ". . . “VCs are calling us, what should we do?” My response is always the same, “Take the meeting. Explain where you are in the process, and never under any circumstances accept an exclusive term sheet from a one-off investor.” Well, unless you are three months behind in rent and can’t make payroll. That’s a different blog post. Back to capital raising. The capital-raising process is a marathon, not a sprint. Entrepreneurs should prepare for the race by researching all capital sources – equity, debt, and of course the cheapest capital of all: customers’ cash. If you don’t know about crowd funding, you may be living under a rock. . . ."

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The 7 Habits of Highly Effective Mediocre Entrepreneurs | TechCrunch: " . . . . persistence is not the self-help cliche “Keep going until you hit the finish line!”. The key slogan is, “Keep failing until you accidentally no longer fail.” That’s persistence." - James Altucher

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