3 Quick Thoughts from Eric Paley on Venture Capital

Eric Paley has a great post up on TechCrunch titled Venture Capital is a Hell of a Drug. As a successful entrepreneur and investor, he offers up a number of great ideas. Here are three quick thoughts:

1. Venture capital increases risk for founders
   1. You limit your exits
   2. You increase burn to dangerous levels
2. VCs need billion-dollar exits — you don’t
   1. Capital has no insights; it’s just money
3. Exit value is a vanity metric
   1. Practice efficient entrepreneurship
   2. Smart people, dumb money

Head on over to TechCrunch and read Venture Capital is a Hell of a Drug.