Sep 10 2008
Guy Kawasaki on Plan B of funding
Click here:
http://blogs.openforum.com/2008/09/09/plan-b-for-fund-raising
Very interesting plan by Guy Kawasaki how to borrow money of your friends for starting your company!
How to start a company without getting 5m Venture Capital..
You should also try out his link collection on VC
http://venturecapital.alltop.com
Guy’s post is just the beginning of some serious thinking that should happen around how to deal with funding of startups. The Silicon Valley people have been brainwashed to think that they cannot do anything without VC, but meanwhile the median amount of capital used to launch the businesses that made the Inc 5000 list is $25K, and only 3% of these companies have received Venture Capital.
To build a real business, you should be able to sell what you have now, not sell the idea of something the market may like 2 years from now when you are done building…