Re: RE:Consultancy company was [Job] BOFH wanted was: Re: Red Hat worm discovered

[Paul Makepeace]

From: "Leo Lapworth" <[EMAIL PROTECTED]>
> I've got a contact who says he can get hold of a million or
> so VC if this was an actually business plan, but then you
> have to pay them back with interest and stuff.

That's not VC then, that's a "loan". VC is where you heave up a huge chunk of
cash in return for a chunk of company and hope said company doesn't end up
being laughed at and taunted on fuckedcompany.com

Is a million considered a lot in the UK still? It's considered a lot over
here right now :-) But then so's a 24hr stretch of uninterrupted electricity
:-(

Anyway, the longer you leave obtaining angel, seed and VC cash and the more
you can generate a demonstrably working revenue model the better. Consider VC
a last resort -- aim rather for alliances and partnerships, or a straight out
acquisition.

Paul