I used to be a VC. Now I’ve found a better way to build a company |
I used to be a VC. Now I’ve found a better way to build a company
If you want to create an Evergreen company that’s designed to last, follow the example of some of the world’s largest tech companies: Don’t raise large amounts of venture capital.
Dave Whorton. [Photo: McCade Gordon]
These days, many founders feel pressure to raise tremendous amounts of venture capital. But it wasn’t always like this. Most people are surprised to learn that four of the most valuable companies in the world barely raised any VC funding at all by today’s standards.
Apple is believed to have raised less than $1 million before its IPO. Amazon raised about $8 million. Microsoft raised about $1 million. Google raised $25 million. Add it all up, and it’s........