I love this. It sets a realistic expectation for the vast majority of entrepreneurs. Odds are, you're not getting VC funding. If you want to be an entrepreneur, which should mean you are inherently risk adverse, get to revenue/profitability/CF positive as quickly as possible. Again, with the odds of landing VC funding so low, if landing VC funding is the foundation of your business plan, odds are you are fucked and so is your business.
I own a B2B SaaS company that only took $20K from an accelerator, and we have just recently hit $1M ARR. Outside of the $20K, we did it through blood, sweat and tears. No angel money, no VC money. Not that I'm opposed to outside money, but I liked the challenge of CF financing a company (wasn't always easy), but our initial product fills a niche and doesn't ramp up to the $100M in 5 years that gets the VCs' investment weenies going. Instead of spending the potential enormous amount of time that it could take to raise money, we decided to just build a business. And we are doing that shit...
I own a B2B SaaS company that only took $20K from an accelerator, and we have just recently hit $1M ARR. Outside of the $20K, we did it through blood, sweat and tears. No angel money, no VC money. Not that I'm opposed to outside money, but I liked the challenge of CF financing a company (wasn't always easy), but our initial product fills a niche and doesn't ramp up to the $100M in 5 years that gets the VCs' investment weenies going. Instead of spending the potential enormous amount of time that it could take to raise money, we decided to just build a business. And we are doing that shit...