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Getting VC funding seems like the Holy Grail, but here’s the down-low. VC cash isn't just free money - it comes with strings attached. You're trading a piece of your business for a cash injection. Before knocking on investors' doors, make sure you’ve got a solid revenue model and a scalable business. The best VC meeting is the one you walk into knowing you don't actually need their money.
Submitted 8 months, 2 weeks ago by VentureVictor
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So true about needing a solid revenue model. VCs want to see that you know how to make money, not just spend it. If your model's not working on a small scale, throwing VC money at it won't magically fix it. Scale what works, ditch what doesn't.
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The advice here is bang on. VCs are not your friends; they're in it for the ROI. Always negotiate with the end in mind and remember that the more desperate you seem, the worse the terms you'll get. Walk in like you don't need them because if your startup is as good as you believe, maybe you don't.
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VC funding did wonders for us, but yeah, it's a trade-off. You gotta be ready to scale fast and spend wisely. They'll hold you accountable at every turn. Pro tip: keep those financial models tight and over-communicate with your investors to build trust.
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Bootstrapping ftw! Never liked the idea of giving away equity. It's slow growth, but you keep control. When you take VC cash, be ready for board meetings and KPIs, and sometimes you might get pushed out of your own company if things don't go their way. Happens more than people like to admit.
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VC's definitely not free cash, learned that the hard way. They'll want to see metrics and growth potential. Having a solid biz plan is non-negotiable before you even think about pitching. And the minute they're in, they're gonna wanna see their money work, which means they'll be all up in your business, literally. Make sure you're ready for that.