This is a odd subject I know, but I am going make a valiant effort to convince you that financing can kill a start-up's chances at long term success. Doesn't make any sense does it? But there is some well founded truth to the statement.
A good idea makes money. A bad idea needs financing.
Ok, I'm not saying that a business doesn't need financing, what I am saying is that a business needs to have too little financing. New start-ups need to be constantly adapting their idea and business model to what their audience wants. A business with a ton of cash doesn't have to adapt or change to properly
Having no money forces creativity...
It is really true. When there is a lack of funds it creates urgency, and when there is too much money it lets us be lazy. It really does! Why do we need to push so hard? There is plenty of dough in the bank, we aren't going under!!!
anyone agree with the idea here?
Tim Pletcher http://www.geargoggle.com