Capital Influx

Liz nails one of my recurrent peeves about people who consider themselves entrepreneurs these days:

It amazes me that people have such short memories. There was a time, not so long ago, when VCs were the lender of last resort for entrepreneurs. If you were going to start a company, you "bootstrapped" it. If you couldn't bootstrap it, you applied for a bank loan. If you couldn't get a bank loan, you *might* start to think about equity financing.

Goddamn right. Real business don't take money, they make money.

I'm Anil Dash, and I've been blogging here since 1999, writing about how culture is made. Contact me at anil@dashes.com, at +1 646 833 8659, or at anildash on Twitter or IM. Find out more »

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