What Are VCs Good For?

Jeremiah Owyang has today’s great post up titled Beyond the Money: Some VCs Provide Startups With A Competitive Edge.  The bullet point summary is:

  • Thought Leadership
  • Strategic Guidance
  • Being Part of The Family
  • Ancillary Services
  • Umbrella Branding
  • Parties… eerr um Networking
  • Recruiting and Fundraising

It’s a quick read but with some great thoughts in it.

  • Very thoughtful insight!

  • I have a startup which dearly needs everything you've listed…except for money. I joined CTEK Stapleton a few years back and it provided a lot of this, but at the expense of time and money. And, in the end, I left feeling like I hadn't really gotten what I was looking for.

    Do you have suggestions for a newbie entrepreneur who's not cash-strapped, but who desperately needs entrance into the community?

    • I

      • Thanks for the reference, Jason. Next meeting is a week from today. I'll do my best to attend!

        BTW…loved your article on how to get fired quickly if you're a lawyer.