Getting Venture Capital

So I started about 6 months ago looking into venture capital. There were a couple reasons for it…but the primary reason was I knew HireAHelper would need more time and money than I have. I’ve been torn on what to do about it for a while…

Seth says:

A lot of organizations decide to skip the rice and beans and studio apartment step. They decide to “go big or stay home.” More often than not, they end up going home.

That’s a bit scary. It’s not that I base everything I do on what Godin says, however I do try to run everything through a Godin filter. What would Godin do? (WWGD?). I’m in a predicament if I keep going on this company part time, while trying to balance a new wife, do 40 hours programming and project managing at LewisTech (my current job)…and then spend what I have left on HireAHelper. I have a feeling that if this keeps going, it will be another year before I finally launch.

So my thoughts and conclusions are this: While I may be skipping the “Rice and Beans” Godin refers too, I can’t afford to keep letting competitors with inferior products pollute the market before I even get mine out.

Sorry Seth. On this one I’m going to have to go with Kiyosaki’s advice. I’m taking the money and going live.

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4 thoughts on “Getting Venture Capital

  1. Being part of a startup AND being the only programmer – I feel your pain. My only suggestion is to only take what you need. I’ve done this once before and let me say that the rabbit hole gets deep REAL quick!!

    Think of it like that scene in Spaceballs where they’re carrying all that luggage through the desert. You definitely don’t need that 75lb. hair dryer!

    Good luck!

  2. I agree with Bradford. It took me a few years to straddle fulltime, and my business today is free and clear or debt. We had chances to get lines of credit, but staying small makes our team more aware. We get the most out of our money, and in turn try to do the same for our clients. They like that.

  3. There is a point when you have to take the leap. But first, make sure you have a solid foundation from which your jumping.

    Just set some short term mile stones by which you will judge your success. Be true to yourself at everyone of those points. There is nothing worse than to keep diluting yourself into a financial mess.

    GOOD LUCK!!!

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