STARTUPS: One end of the startup advice line talks about raising money and seeing how big you can get as quickly as possible. Revenue and profitability can wait. But the other, more considered approach is to "bootstrap" the company for as long as needed, using cash flow to support growth. Read more on Forbes.
Once burned, twice shy, according to the old saying, and apparently that goes for taking VC money too.
Back in 2004 Christian Blume was working for an e-commerce company called Element 5, which had received a huge injection of VC cash in 1998 and was hurtling towards an exit (which eventually came in the form of an acquisition by Digital River).
He didn’t like what he saw.
Read more on Forbes