Today, He Told Three Entrepreneurs Not To Use VC

Entrepreneur 1: Has a niche community web site around &#8220;peaceful living&#8221; or you might say &#8220;eco living&#8221;. They have about 65,000 registered users who receive e-mails once a day an visit the site to read inspirational things that will help them lead better lives.
Entrepreneur 2: Created a slightly profitable (on a couple million revenue) connector/management software company for VOIP and internet video delivery. One shareholder, the founder.
Entrepreneur 3: Has a digital media and software e-commerce system that has been in development for five years and finally has gotten a major customer. There has been alot of money put into the company by prior non-professional investors.

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Today, He Told Three Entrepreneurs Not To Use VC

March 17, 2005 by Dane Carlson | 0 Comments

Martin Tobias:

I have been quite vocal in the past about how entrepreneurs should not raise money unless they really need it. Today for some reason that theme came home to roost in spades. I told THREE entrepreneurs that they should NOT raise venture capital. Without using names, here are the scenarios:

Entrepreneur 1: Has a niche community web site around “peaceful living” or you might say “eco living”. They have about 65,000 registered users who receive e-mails once a day an visit the site to read inspirational things that will help them lead better lives.

Entrepreneur 2: Created a slightly profitable (on a couple million revenue) connector/management software company for VOIP and internet video delivery. One shareholder, the founder.

Entrepreneur 3: Has a digital media and software e-commerce system that has been in development for five years and finally has gotten a major customer. There has been alot of money put into the company by prior non-professional investors.