Minnesota startup champion Graeme Thickins wrote a great blog today about the seemingly large number of high profile MN startups that raise venture capital money they don’t ‘need’ citing companies like Code42, LeadPages and most recently Field Nation who raised capital after being bootstrapped for many years.
At the end of the blog he posed a few questions about what VCs think when startups they fund don’t spend their cash. I thought it was great approach as usually the questions are more geared towards the founders (‘why did you take the money if you didn’t need it’) than the VCs (‘how do you feel about your cash not being spent’).
