Running A Successful Bitcoin Company Does Not Necessarily Require VCs

BitsPlan

The Bitcoin and blockchain sector heavily relies on investments from VCs. But as it turns out, the venture capital approach can cause quite a few issues for companies as well. There is a right and wrong approach to dealing with VC funding when push comes to shove. Enterprises taking the wrong approach will find themselves at a significant disadvantage.

In the end, it all boils down to whether or not the entrepreneurs in question can be efficient at their job. It’s hard to grasp the concept of efficient entrepreneurship, and securing funding plays a key role in the process. That said, it is not the only driving factor by any means.

VCs Are Optional To Achieve Success

In fact, dealing with VC funding can be more of a curse than a blessing. Raising a lot of money is needed in the early stages, but it can also create a false sense of security. In fact, a company raising US$50m won’t necessarily do better than a startup securing US$1m. Companies who raise a lot of money at an early stage deal with high expectations, and they usually struggle to deliver.

TechCrunch put together a comprehensive list of companies

Read more ... source: NewsBTC USA

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