I pitched my ideas just twice and got some funding for them.
However either my approach was wrong or I wasn't working with the right people. I felt that funding was too big of a waste of time. Without traction, everything I did was being second guessed. And too much time was being wasted pitching.
I haven't raised any money for 20+ of my ideas including the current one. But I can imagine it would be easier for me to raise money on better terms in future!
I use the nanny vs parent analogy for involvement with a product.
When you are working for someone else, you are a nanny. The product isn't your baby. Be careful how much you get invested. If you get sentimental and attached you will end up hurting yourself.
If you own your company, it's like being the parent. You have sole responsibility but except government no one else can interfere.
VC funded business can be like a wild ride. You may start as a parent, but you will eventually end up as a nanny. In some rare cases you can have majority voting rights till the end. Only famous case for that I know is Facebook.
However either my approach was wrong or I wasn't working with the right people. I felt that funding was too big of a waste of time. Without traction, everything I did was being second guessed. And too much time was being wasted pitching.
I haven't raised any money for 20+ of my ideas including the current one. But I can imagine it would be easier for me to raise money on better terms in future!
I use the nanny vs parent analogy for involvement with a product.
When you are working for someone else, you are a nanny. The product isn't your baby. Be careful how much you get invested. If you get sentimental and attached you will end up hurting yourself.
If you own your company, it's like being the parent. You have sole responsibility but except government no one else can interfere.
VC funded business can be like a wild ride. You may start as a parent, but you will eventually end up as a nanny. In some rare cases you can have majority voting rights till the end. Only famous case for that I know is Facebook.