| Many entrepreneurs with a great idea want to take it | | | | that most of their investments will not make it. |
| all the way, but they know they can't without | | | | Therefore, the ones that do have better return an |
| money. So rather than working hard, building their | | | | incredible profit. |
| businesses up, and growing out of profits; they want | | | | If your business cannot do that, or if you have no |
| to move fast and furious and use other people's | | | | exit strategy, then you should not expect them to |
| money. It makes sense to take the path of least | | | | invest in your business or give you any money. |
| resistance for a young startup company full of | | | | Often, entrepreneurs love their ideas so much, that |
| diehard entrepreneurs, and yet, if they are seeking | | | | they want to do this business the rest of their lives, |
| venture capital money from any of the top venture | | | | but they must understand if they take VC money, |
| capital firms, they need to understand the reality of | | | | then they have already sold their soul, and it is all |
| the game. | | | | about building it up and flipping the company. |
| When you take venture capital money you must | | | | It's similar to buying a home for investment. You |
| have an exit strategy, and it must be clearly defined | | | | either buy a home and living it all your life, and look at |
| in your business plan. And that exit strategy better | | | | the long-term strategy. Or you buy the home, do the |
| include a potential return of 300 to 500% in 3 to 5 | | | | minor repairs, and flip the house as quick as possible |
| years, preferably on the three year side. You see, | | | | to make a profit. The latter would be the venture |
| venture capital firms generally invest in many | | | | capital strategy, and that's what you need to be |
| different companies that are high risk, they know | | | | thinking about. |