No plan, No capital
If you’re looking to start a business, spend the time to watch the entire video on Guy’s blog. Starting at 19 minutes, each of the entrepreneurs is asked about start-up costs. There’s a wide range from $0 to $100,000.
There’s also an interesting take on VC funding. I recently completed the entrepreneurship portion of a MBA program and there’s a lot of focus on VC. Mainly because the technologies supplied to the program are capital intensive (high technology). However, that’s just not going to work for most people and I personally would prefer not to rely on VC for a new start-up (I agree with James Hong - start around 32 minutes in the video clip). Read a quick take on “normal” ownership dilution here.
