It's hard sometimes, when I hear about some guy getting millions of dollars for some idea that I once thought of, but the reason I don't pursue VC is that my actual experience with it leads me to be skeptical that it actually works.
Sometimes the VCs want to exercise control over the day to day operations of the company, then they demand the company do really stupid things that leads to it going out of business.
I'm not so sure it's such a good thing for a company to be publicly traded. Your "investors" at the IPO might not have any longer-term interest in the success of your company then the next millisecond, this because the reason we really DO need to Occupy Wall Street is the popularity of Sub-Millisecond Precision High Speed Trading.
I worked for an electronic medical records startup in 1996. We were one of the very first. Our product was not meant to go online IN ANY WAY. While we were a client-server shop, the server was intended to be in the same hospital as all the clients.
Even so, one of our VCs popped by the office one day to ask what our "Internet Strategy" was.
This had the eventual result that "KnowMed Systems" changed its name to "iKnowMed".
I'm not even applying for VC.
It's hard sometimes, when I hear about some guy getting millions of dollars for some idea that I once thought of, but the reason I don't pursue VC is that my actual experience with it leads me to be skeptical that it actually works.
Sometimes the VCs want to exercise control over the day to day operations of the company, then they demand the company do really stupid things that leads to it going out of business.
I'm not so sure it's such a good thing for a company to be publicly traded. Your "investors" at the IPO might not have any longer-term interest in the success of your company then the next millisecond, this because the reason we really DO need to Occupy Wall Street is the popularity of Sub-Millisecond Precision High Speed Trading.
I worked for an electronic medical records startup in 1996. We were one of the very first. Our product was not meant to go online IN ANY WAY. While we were a client-server shop, the server was intended to be in the same hospital as all the clients.
Even so, one of our VCs popped by the office one day to ask what our "Internet Strategy" was.
This had the eventual result that "KnowMed Systems" changed its name to "iKnowMed".
-- Misha