VC Money is Poison!

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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