Experienced Entrepreneurs do not rely on Venture capital

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By Indian Startups ⋅ September 20, 2009 ⋅

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Filed Under analysis, entrepreneurs, Funding, innovation, study, venture capital

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I just completed a research project in which we interviewed the founders of 549 successful companies in several high-growth industries – the ones VC’s are most likely to fund. We selected companies that had made it out of the garage and were generating real revenue. Guess what? Hardly 10% of the serial entrepreneurs took venture money in their first startups. In their subsequent launches, the proportion who took venture money went up to a quarter. In other words, three-quarters of even the most experienced entrepreneurs didn’t rely on venture capital.

– Vivek Wadhwa
Senior Research Associate, Labor and Worklife Program, Harvard Law School
EIR & Adjunct Professor, Pratt School of Engineering, Duke University

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2 comments for “Experienced Entrepreneurs do not rely on Venture capital”

That’s interesting…..but what is the reason that you see for this…..???

Posted by Nikhil Peter | September 21, 2009, 8:37 am
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- One of the reasons could be to do with the interference, meddling and politics that come along with having a VC on board.
  
  Posted by Nag. B | September 21, 2009, 10:32 am
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