If I’ve said it once, I’ve said it a thousand times: Venture Capital is a very specific instrument for a very specific type of company. It’s not for everyone. And if you wind up being the proverbial dog that actually catches the car, it can be something that changes the whole company you’re trying to build. But clearly, me saying this over and over and over only carries so much weight. So now I’m sharing the perspective of Duncan Miller of Rose City Robotics.
Venture capital needs founders to survive, but founders don’t need VC to start. Get customer money first. Build strength. Then, if needed, bring in VC to turn a small fire into a bonfire. But only when you’re strong enough to maintain board control.
For more, read “The Startup Lottery: Why VC Money Can Be a Curse.”
