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VC Money is Poison!

Willie
Creative Commons License 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

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