It is always so nice when someone captures your thoughts around cyberspace. Tony Malkovic posted a note all the way back in October on Science Voice... and I could not be happier by the way he summarized my words:
“What entrepreneurs get out of venture capital is not the money, it’s the support, it’s the capacity to create wealth. It’s the knowledge of what to do and what not to do, so you can maximise your resources.” - Alicia Castillo Holley, Wealthing Group
Here is the link to the highlights of the event:http://www.sciencewa.net.au/index.php?option=com_content&task=view&id=2320&Itemid=710
Organized last year to foster innovation and investments, the Leading Lights conference was another step in the right direction.
It will take many more to get this trend comming, but we are getting there.
1 comment:
I want to add to Alicia's comment, that VC is even more than support and all what she rightfully said. If you find the right match, the right VC - industry - strategy, then it really will be hard to beat your company. VCs are not necessarily the most experienced businessmen in a specific industry or their knowledge is not comparable to the best scientists: but they have seen a lot more good or bad deals in a year than every entrepreneur can see in a lifetime. That wealth of experience comes from simply being exposed to dozens of talented entrepreneurs, sometimes weekly, and once you see how they evolve or implode, your expertise in the process just grows. No bank or financial institution can match that exposure to variable business scenarios, which pretty much is a unique plus for high growth / high tech ventures
Post a Comment