In a blog post, Amar Goel, CEO and founder of Komli Media, has shared his thoughts, experiences and learnings in raising venture capital, how it works and what it’s like. An excerpt-
“If you are not sure about wanting to build a large business then do not raise venture capital. If you are concerned giving other people a lot of say in your business do not raise venture capital. If you never want to sell your company or go public do not raise venture capital."
“If you would like to build at least a $20M business over 3-5 years and ideally a $100M+ business over 5-7 years you are a prime candidate for venture capital. If you want to build a $3M business over the next 5 years do not raise venture capital."
“I find lots of people who seem to get really excited by the prospect of raising venture capital. Don’t be… The sexiness of a press release saying you raised venture capital from XYZ and ABC lasts about 1 day."
“VCs are not in the business of coming up with crazy ideas and then throwing them against the wall and seeing if they stick. That is the job of entrepreneurs. That’s why most VCs will be loathe to invest in some “idea” you have that will change the world that nobody has ever done before."
“Venture capital is a very expensive form of investment for your company. If you are the typical early stage startup you are going to give 20-35% of your startup for $1-4 million of investment.”
Check out : http://amargoel.com/
“If you are not sure about wanting to build a large business then do not raise venture capital. If you are concerned giving other people a lot of say in your business do not raise venture capital. If you never want to sell your company or go public do not raise venture capital."
“If you would like to build at least a $20M business over 3-5 years and ideally a $100M+ business over 5-7 years you are a prime candidate for venture capital. If you want to build a $3M business over the next 5 years do not raise venture capital."
“I find lots of people who seem to get really excited by the prospect of raising venture capital. Don’t be… The sexiness of a press release saying you raised venture capital from XYZ and ABC lasts about 1 day."
“VCs are not in the business of coming up with crazy ideas and then throwing them against the wall and seeing if they stick. That is the job of entrepreneurs. That’s why most VCs will be loathe to invest in some “idea” you have that will change the world that nobody has ever done before."
“Venture capital is a very expensive form of investment for your company. If you are the typical early stage startup you are going to give 20-35% of your startup for $1-4 million of investment.”
Check out : http://amargoel.com/
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Interesting. What is highlighted is the need/urge to become huge and I think this is right in a form and wrong in a way. Right becoz it fits the current structure of VC funding in India but who says its correct. Wrong because it assumes that you have to work with the current VC structure only. Anyway, with the current circumstances this fits in.
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