Young entrepreneurs often pursue funding first, product second. That's a dangerous path--and it won't do your company much good.
So often, young entrepreneurs think the viability of their fledgling company depends on their ability to intrigue investors and raise capital. But the truth is, raising capital is often a pipe dream.
Don't get discouraged, though: Raising capital should be the least of your concerns.
The reality is, no bank will give you a loan. Their cash flow has dropped in recent years; as a result, they deny more than 90 percent of small business loan applications. And pitching your company to venture capitalists is about as effective as chasing clouds. With an ever-expanding pool of entrepreneurs to invest in, VC firms have become increasingly choosy in deciding which companies are worth cultivating.
To read the full, original article click on this link: Why You Don't Need Venture Capital | Inc.com
