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.

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