Subject: 1776 Insights & News
From: "1776" <[email-masked]>
To: <[email-masked]>
Date: Fri, 7 Sep 2018 14:07:03 +0000
List-Id: 9923c478789c2ad2443a33a60mc list <9923c478789c2ad2443a33a60.153621.list-id.mcsv.net>

Humble Venture founder Harry Alford cautions against rushing towards venture capital funding.

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** A bimonthly newsletter on innovation in complex industries and our startup communities
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When cash is a constraint to growth, then capital can be a good thing. However, a majority of startups shouldn’t seek VC funding because it puts a timeline on your business and limits flexibility. VC money isn’t always a requirement for scaling or exiting a successful startup either.
https://www.1776.vc/?p=26388

Once you take on funding, your investors become the customers. Tesla’s Elon Musk agitated Wall Street when he recently tweeted considerations to go private at $420 a share, saying it would be beneficial to remove short-term pressures. Musk explained:

“Being public also subjects us to the quarterly earnings cycle that puts enormous pressure on Tesla to make decisions that may be right for a given quarter, but not necessarily right for the long-term.” — Elon Musk

Growth or Profitability?

Raising venture capital (VC) and going public have been exceedingly glorified and VC appetite for unprofitable startups is intensifying. The proportion of companies reporting losses before going public in the US is at its highest since the year 2000. Shareholders value growth, valuations and exits — often preventing startups from focusing on their priorities: customers, revenue and profitability.

Read more: (https://www.1776.vc/?p=26388) Venture capital funding has limits - staying private longer

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Startup Grind ft. Brett Topche (https://www.1776.vc/events/startup-grind-ft-brett-topche/) , Pennovation Center Powered by 1776, 9/20/18, 5:30-8:30pm, Description: This fireside chat features Pennovation member Brett Topche. Brett co-founded Red & Blue Ventures and has a decade and a half of venture capital and private equity experience. He has spent much of his career primarily focusing on investments in ecommerce, digital media, mobile applications, marketing technologies and B2B software.

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