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Why Some of the Most Groundbreaking Technologies Are a Bad Fit for the Silicon Valley Funding Model

Harvard Business Review

The myth of Silicon Valley is that venture-funded entrepreneurship is a generalizable model that can be applied to every problem, when in actuality it is a model that was built to commercialize mature technologies for certain markets. At first, Opus 12 targeted the largest addressable market it could find: ethanol, an additive of gasoline.

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VC Funding Can Be Bad For Your Start Up

Harvard Business Review

In 2011, GoViral was sold for $97 million, having never taken a single krone or dollar of investment capital. In fact, venture capital financing may even be detrimental to your startup’s health. Investors don’t like risk any better than you do. The business had been funded and grown entirely by its customers’ cash.