A good reminder to entrepreneurs -- even if you don't need the capital, having outside investment (especially from a top VC firm) essentially provides you with:
1. Validation and hopefully constructive criticism of your business model by virtue of their due diligence process.
2. Network and contacts.
These two alone are often worth more than the cash.
1. Validation and hopefully constructive criticism of your business model by virtue of their due diligence process.
2. Network and contacts.
These two alone are often worth more than the cash.