Most venture capital is wasted. VCs lose money on about 80 percent of their investments, and need home runs like Facebook to earn an attractive return. Most of these home runs are in Silicon Valley. This is why Silicon Valley is the global leader in VC performance.
But even in Silicon Valley, entrepreneurs can make VC more productive by delaying getting it. Billion-dollar entrepreneurs in Silicon Valley who delayed getting venture capital stayed in control of their venture and kept more than double the wealth they created. So if you are in Silicon Valley, learn how to delay getting VC.
http://www.forbes.com/sites/dileeprao/2015/12/12/how-to-make-venture-capital-more-productive/
