VC Money at FOWA

Good quick coverage of the Future of Web Apps conference at Read/Write Web. It seems to be more oriented to business than it used to be which is too bad but at the same time the most interesting part seems to have been Ben Holmes’ talk about the VC Process. I especially like the list of reasons not to get VC money.

  1. You will probably miss out on the option of any small exit opportunity, which in a lot of cases could be very lucrative personally;
  2. You will be bound to a minimum of 3+ years of hard work building your idea up;
  1. You will lose the opportunity to run a lifestyle business.

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