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Question: I would like to get capital for my company, but usually shy away from VC’s because I don’t want to give a piece of the company away. I always think that, one step at a time, I will make ground by myself. I feel that if I open up, I will loose my liberty. What suggestions would you have to make me change mind frame?
Answer: Better to have 30% of something huge than 100% of something microscopic. If you need capital then you need capital. You will also get expertise, help, credibility, and other people sharing the risk. Don’t be penny wise and pound foolish!
Christine Comaford, Business Accelerator
Mighty Ventures, Inc.
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