Wednesday, December 30, 2009

The best friend of a startup is revenues, not VCs.

A friend of mine told me that a company that he is associated with is tired of talking to VCs and is currently refining their business model and starting to generate revenues.
Good move. The best friend of a startup is revenues, not VCs. 

Good VCs are the petrol that you splash on an existing small flame to ignite into an explosion. If there are no revenues, there is no flame at all, so even good VCs are useless. 

--
- Best, Tan Yinglan    

The Way Of The VC - Top Venture Capitalists On Your Board (On Amazon)
http://www.tinyurl.com/wayofthevc  

LinkedIn: http://www.linkedin.com/in/yinglantan

Blog: http://www.wayofthevc.com



No comments:

Post a Comment