Venture Capitalism Is Broken—Here’s How We Fix It
Getting VC funding is usually the worst thing that can happen to a startup.Getting VC funding is usually the worst thing that can happen to a startup. Like a lottery winner with no financial acumen, a startup with a sudden influx of cash is often doomed for bankruptcy. Why? Because of a fundamental misunderstanding of: · What startups need · How they use money · How unicorns come to be Harsh truth: having more money doesn’t suddenly make you good with money. It only exposes the financial issues you already had. So why do venture capitalists and entrepreneurs keep