Having been in the VC/Private Equity business for three decades now I am often asked if VC money can make a startup successful on its own and if not what really does it.
So I thought I’d share with you in here my 2 cents in the hope of further educating entrepreneurs as to the process.
First off, let me state that VC money is a first step but it is never enough on its own. Judging from how most VCs and angels fund more losers than winners, there are plenty of examples that will attest to that.
Now if you want to go to the root of it I really believe it all depends on the type of business you are in.
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