Founders should exploit venture capitalists for upfront capital, not seek friendship
Bridget Harris · Fireside chat with Bridget Harris and Alex Theuma - How to take care of business: 5 lessons in bootstrapping to $5m ARR · May 31, 2023 · at 15:53
Bridget Harris, co-founder of YouCanBook.me, explains how founders should understand venture capital incentives when deciding whether to raise funding.
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“And they're not your friends. You know, what they're doing is they're making money from your decision to go into business as an entrepreneur and make money. And that's a different thing, and you, my view would, oh sorry, my view would be, you know, exploit them if you need them. If you need them for upfront capital, if you need them for upfront investment, exploit them, because that's what they're there for, but don't think that they're doing you a favor, and the only way you're going to learn that is by reading the books, and that's a great book.”
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