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Re: Any entrepreneurs? Posted by Misplacedyankee [Email] (#1756) [Profile/Gallery] (more from Misplacedyankee) on Tue, 4 Jan 2005 12:19:54 In Reply to: Any entrepreneurs?, Nick [Profile/Gallery] , Tue, 4 Jan 2005 07:05:32 Members do not see ads below this line. - Help Keep This Site Online - Signup |
I started an investment services software business from scratch to a nice business. Raised $750K then close to $4 MM in VC funding. About a 1.5 years into it did a $57 MM merger of equals and acquired another $20 MM in funding and changed the business model to its current state. After about 5 years from business plan to current state I decided to do something new and took an executive job at another firm that I used to be a client. The firm I founded is still doing well (and growing) and I hold a nice stake and made a good living at it.
VC funding is a tough way to go. Its not a question of if I will start another business, but when. Right now its tough because I have 2 young children and one on the way. I like the security I have in my current position. Next time I will start on my own dime, maybe get some debt to go with it and get as far as I can before using VC money or other cash infusions.
If your going to do it go big and have fun but be wise in where you spend your capital. Be a risk taker - its more fun that way:)
posted by 192.131.6...
_______________________________________ Current: 1999 Saab Viggen Other Saabs Owned: 2000 Saab 9-3 Viggen 2002 Saab 9-5 Aero Other Current Rides: 2015 MB GL63 AMG 2014 Jeep Wrangler Unlimited Custom & Lifted 2011 Audi R8 V10 Spyder 6MT 2011 Bentley Supersports W12 2007 Honda CRV
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