VC Money is Poison!
photo credit: furryscaly
Starting a business is risky, but not as risky as you think. The oft-stated fact that 90% of startups fail within their first year is an urban myth.
OnStartups thinks, and Dane agrees, that now is the time to start that business — just forget about the venture capital. Here are some reasons why:
- VC money is hard to get right now which is a good thing for you, you don’t want a million dollar mistake on your hands
- Of you do get VC money – their rates are still close to a 50% success rate
- Constraints enforce discipline which you’ll need
- In turbulent times you’ll find many pockets of opportunity
- Your skill and hard work in tough times are more important than sheer luck
Curt on January 27th, 2009 1:04 pm
I agree and just wrote a similar article last week.
http://www.pennyjobs.com/pp/public/Articles.aspx?aid=281
jaeda on January 27th, 2009 5:05 pm
well maybe all stare-ups is difficult -i think- but if you will make it a point that you will be strong despite of they so called “business struggle”, maybe you can cope up with that…
cassy on January 28th, 2009 3:21 am
its is really difficult when start up a business,but its all up to you on how you run it and become profitable,just work hard and do your best!
Leave a Reply