http://venturebeat.com/2010/07/29/y-combinator-paul-graham-angelconf/ News About Tech, Money and Innovation Mon, 13 Feb 2012 10:21:57 +0000 hourly 1 http://wordpress.com/ http://venturebeat.com/2010/07/29/y-combinator-paul-graham-angelconf/#comment-21894 Sun, 01 Aug 2010 20:14:22 +0000 http://venturebeat.com/?p=202111#comment-21894 This is all a bit self serving and simplisitic. VC's rarely start with “all the power”. What tends to happen is that companies need more cash than anticipated, market gets tough or business model needs to be thrown out and reinvented, and before you know it, you have raised $30M and now your investors own 70% of your business, at which point you look like a public company and not an early venture project anymore… Hell is paved with good intentions.I think having a serious lead can be a very good thing, someone who can champion you and feels responsible for your success and will stand by you when you stumble (as almost always happens). Long-term commitments need work and consistency, and I think that's true from investors too.

]]> http://venturebeat.com/2010/07/29/y-combinator-paul-graham-angelconf/#comment-21889 Fri, 30 Jul 2010 11:02:50 +0000 http://venturebeat.com/?p=202111#comment-21889 In the end VC's just provide the money.People who provide sales are even more important.

]]> http://venturebeat.com/2010/07/29/y-combinator-paul-graham-angelconf/#comment-21888 Fri, 30 Jul 2010 06:18:35 +0000 http://venturebeat.com/?p=202111#comment-21888 About time. It never made sense that VCs had more power than the people with the idea and doing the work.

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