Seth’s Blog: Taking the leap (via hiten)

Rafer sez:
This version has the highest probability of getting founders paid.

(via rafer)

Sawickipedia Says:  In the ongoing “Take VC $ or Not to take VC $” meme, people are focusing to much on the anti-VC camp (of which @Rafer is a leading member - I’m a more recent convert) without really understanding the larger point.  It’s not that @Rafer, myself or the other members of the anti-VC camp don’t like VC’s as individuals or think they are inherently evil (some are but that’s actually an exception rather then the rule).  The problem is that it is the VC’s job to make money for their LP’s.  It is not the VC’s job (ie. what he or she is paid to do) to make the entrepreneur’s any money.

And that’s the rub - entrepreneurs need to do a better job understanding the ways to make themselves money for their efforts and not just make money for everyone else.  If you want to run a selfless charity to make money for others start a non-profit.  Otherwise understand that the chance of you making money for yourself as an entrepreneur goes down dramatically when you take money from a VC.