Sand Hill Road is a road in Menlo Park, California, notable for its concentration of venture capital companies. Image credit: https://flic.kr/p/853kZ
Raising venture capital is like adding rocket fuel to your business. For most businesses this is not warranted, creates the wrong incentives and even if it was successful, the dilution resulting from multiple rounds of VC funding means that the founders do not make enough personal money when the business is ultimately sold.
Raise a small round of capital
: $20k – $200k from the three F’s (friends, family and fools)
Use this to build a “good enough” product