Issue 171 - 02 | Why You Don’t Need VC to Build a Billion Dollar Business

By Dileep Rao, Ph.D.
Published Dec. 27, 2018 11:30 a.m.
“Although the business press is filled with exploits of VC-funded ventures, the reality is that 94 percent of billion-dollar entrepreneurs took off without VC, and only about one in 10,000 entrepreneurs truly benefits from VC. Silicon Valley venture capital is like a very successful lottery. Yes, there is flash and dazzle and a few billionaires are created. But it is hit-or-miss, mostly miss. You would not recommend a career of buying lottery tickets to your children or pick it for yourself. Learn skills. Use smart strategies. You may succeed whether you win the VC lottery or don’t

For entrepreneurs who want to reduce the role of luck in their success and improve their odds, here are six reasons why you don’t need VC to build a billion-dollar business.”

About Dileep Rao, Ph.D. | Dileep Rao, PhD, financed the growth of hundreds of businesses and real estate projects over the twenty-three years he was VP of financing and business development at a venture development and finance institution. He advises entrepreneurs, governments, Fortune 1000 corporations, and financial institutions on building big businesses with finance-smart strategies. Dr. Rao is a clinical professor of entrepreneurship at Florida International University and has taught at Harvard, Stanford University, the University of Minnesota, and in executive MBA programs in Europe, Latin America, and Asia.

https://www.dileeprao.com/
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