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[excerpt]Are you making $300.000/month with your startup? This limits your potential. You can do much more but you don’t know yet.
In a nutshell, this is the concept expressed by Jeff Clavier from the VC SoftTech. Some small startups that are quickly successful, think they don’t actually need money from VCs, limiting their true potential.[/excerpt]
Mmm, can’t disagree more. If you are capable of making 300 thousand / month from your startup with very low costs, in my opinion you are doing very well and should be proud of it. Do you really care to “scale” and become very, very ,very big? I don’t think so. You can do more, for sure, and much better, but this doesn’t necessarily mean you have to go to raise money from VCs.
That said, I think that for some lucky Web 2.0 companies that can choose, the VC way is not the best one. VCs bet on you and on other companies, but likely 90% of them are going to fail, and yours could be in that 90%. On the contrary, most companies in this space cannot choose and this is the only available choice (aside from private seeds of course). VCs are not happy with “normal” and “fair” results, they want the BIG exit and this is not necessarily what you want.
Anyway, I have to agree with Jeff in one point: some companies don’t think big enough, reason why the VC world is far from being mature and well developed in Europe.
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March 6, 2008 at 12:08 am
s in the $300,000 a month range–a range that most companies made up of three guys and a credit-card funded ...
March 6, 2008 at 12:08 am
s in the $300,000 a month range–a range that most companies made up of three guys and a credit-card funded ...
March 6, 2008 at 12:11 am
+ Discussion:LucaFiligheddu.com