Danny Choo: I Don't Need to Rely on VC
dannychoo.com
dannychoo.com
"The extra income is good because I dont need to rely on venture capital or angel investment. One of the reasons why I am leaving a full time job is because I want to be my own boss - taking VC or AI just means that I would have a boss who sits elsewhere - worse still - s/he would own a certain percentage of the company and be breathing down my neck making sure that I make good use of their money and not buy figures ^^; I hear a lot from entrepreneurs who have taken VC and they advise that if you dont need it, dont take it. While many VC startups do well, many go sour because of the involvement of the VC. One ends up trying to produce results at the VCs request instead of being able to focus on what the company originally set out to do."