The benefits of bringing in a VC can include:
- Experience in building a fast-growing company.
- Expertise in operations.
- Improved Balance sheet and access to future sources of funding.
- Strategic alliances.
The benefits are obvious. Some of them might even be realized...but at what cost?
There is an alternative to accepting VC money that gives you the same potential benefits, but doesn't require you to give up control before you know whether or not your company is going to be a mild or a wild success.