Should You Raise Venture Funding For Your Startup
5 signs your business needs VC money to succeed
There has been a lot of hype surrounding venture capital in the last decade. Inspired by the successes of the unicorns around the globe, entrepreneurs follow in the footsteps of companies like WeWork and Uber, that raised billions of dollars in venture funding to forever redefine the industries they operate in.
And you know what — I would have been a liar if I said that venture capital doesn’t create the kind of impact that transforms niche players into multi-billion dollar unicorns.
But venture capital is not a silver bullet. And while some companies can benefit greatly from having that kind of access to capital, its use-cases are limited.
Let’s dive deep and explore 5 possible reasons for raising venture capital for your business. 👇
1) Your business needs to capture market share
When it comes to navigating the market, an entrepreneur has to make a decision between pursuing control over the large share of the market, or optimizing business for retention.
In my experience, it is one of the most important considerations when choosing between VC route and bootstrapping.
