Many “entrepreneurs” developing apps and websites don’t actually deserve the title of entrepreneur, says actor-turned-CEO Loren Feldman. Feldman, known for producing over-the-top, sometimes offensive videos for his company 1938 Media, proposes that a real entrepreneur takes a great amount of personal risk with a new venture. Taking money from a VC, then, makes a founder a gambler, not an entrepreneur.
“You’re not putting your ass on the line; you’re basically gambling,” he says. “All you’re doing is speculative development, hoping that maybe you’ll get acquired (…) It’s really disingenuous to say that you’re a risk-taker when there’s really no risk involved.”
To read the full, original article click on this link: CEO: If you take VC money, you’re a gambler, not an entrepreneur. Really? | MedCity News
