If you don't tap into the connections of your VCs or Angels, or they are not listening to you anymore after they give you their money - you have a problem.
The problem is that the money you got is not smart money anymore. It is just dead money - and believe me, both you, and your investor are making a fool of yourselves. I'm sure entrepreneurs took a beating on the valuation, as investors promised their money to be smart. I'm sure Investors will lose their investment, if the money doesn't remain smart.
Entrepreneurs - Do all you can to reap 20 out of every 1 you have.
Investors - Please pass on connections, advise, sometimes without being asked - so that your 1 has a better chance of becoming 20.
What can I say? Smart money is the only thing that makes Start up Funding business successful. The only thing that promises visibility, broader market, and earlier access to businesses and partners for Start ups.
Use your money smartly, Do everything to ensure that the money remains smart.
Wednesday, March 3, 2010
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