Entrepreneurs Take the Risks, Not VCs

A TechCrunch post by Vivek Wadhwa includes a Q&A with three entrepreneurs who bootstrapped their way to success.

Wadhwa reminds us, “The reality is that less than 5% of venture money goes to seed-stage startups; VCs typically invest when a company has a working product, a tested business model, and a strong management team.” To get to this point, entrepreneurs must make sacrifices, hard choices and call on the support of family and friends (and credit cards). Wadhwa argues that it’s the entrepreneurs who are the real risk takers, not the VCs. (Read more)

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