Avoiding Venture Capital, Part 2
In a comment on my post on Friday on why some entrepreneurs are wary of taking venture capital, Groundspeak added more reasons on why they haven't taken it so far. They point to a post on Seattle's TechFlash blog by another entrepreneur, Hillel Cooperman, on why he hasn't taken any venture money either. Cooperman co-founded Jackson Fish Market, a software company that creates "beautiful destinations on the Web." No one -- neither an entrepreneur nor an investor -- can reliably pick which companies and ideas are going to win, Cooperman argues, so entrepreneurs had better focus on the thing they can control: how many ideas they can get off the ground, or how many times they can be "at bat." Venture capitalists won't let you do this, Cooperman says, because they can't.
