Does the new Charles River Venture Offer Change Your Startup Plans?
Recently Charles River Venture kicked off a new idea for venture capital allowing entrepreneurs to get a loan before angel funding. The program is called QuickStart
I’m curious how your plans would change if you had 250,000 dollars instead of having to bootstrap your startup from scratch. Here’s a rough idea of what I would do ( and considering doing )
1) Buy an existing old, authority site or old newspaper
2) But or develop a high end news site covering old and new media interests.
3) Hire Authority Authors to develop and run New Site
4) Utilize Extensive Tools To Manage Advertising Sales, and Social Networking on the site
While these ideas seem so simple to some I see it as the simple ideas that come to fruition best. I still tend to be anti VC meaning I really dont want to lose control of how I run things. I think this works out best and its always best to work on your own ideas until the last possible shred of possibility that you’d have to take money. Because their will only ever be one Digg,YouTube, or Reddit.
I think its wise to develop strong partnerships build something that will last and be profitable and not have to worry about being the next big thing. Success is always in the eye of the beholder.
Money can be a big distractor. Profits are what you aim for in any startup. But smart profits are the way to go. And taking startup cash isn’t the wisest use of your time. In my opinion.
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- How Your Mindset Affects Your Start Up
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Why isn’t startup money the wisest use of your time? Because you’ll be under someone elses control?
You can always set the terms of the agreement such that the VC isn’t able to micromanage and you are able to realize your goals.