"The nice thing today is that more and more businesses can be started, built and can scale without that need."
The top 500 fastest growing companies from Inc Magazine only needed 75K on average to get to that position. And only 6% of them required VC money
"venture money is quite useful in enabling certain types of businesses"
VCs themselves will tell you that they serve only 1% of the entrepreneurs that send them a business plan, while the 4 yrs survival rate for small businesses is around 43%. So clearly VC are good for only few, and then the question is, are they really that good for these. They themselves will also tell you that from these selected few (the best of the best if you believe that there selection process is worth anything), 1 will be a killer app, 3 will be ok and the rest will be goners. Not much better than the average survival rate overall...
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Numbers
"The nice thing today is that more and more businesses can be started, built and can scale without that need."
The top 500 fastest growing companies from Inc Magazine only needed 75K on average to get to that position. And only 6% of them required VC money
"venture money is quite useful in enabling certain types of businesses"
VCs themselves will tell you that they serve only 1% of the entrepreneurs that send them a business plan, while the 4 yrs survival rate for small businesses is around 43%. So clearly VC are good for only few, and then the question is, are they really that good for these. They themselves will also tell you that from these selected few (the best of the best if you believe that there selection process is worth anything), 1 will be a killer app, 3 will be ok and the rest will be goners. Not much better than the average survival rate overall...