May 19, 2002
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.