Fake It Till You Make It: Is This One More Lie From Silicon Valley… Like Theranos?

Silicon Valley has built great companies and created huge wealth. But does Silicon Valley lie?

#1. Truth or Lie: VCs invest in startups? They do not. VCs wait for Aha when potential is evident. Then, no matter the size of the venture, they call it a startup. Is a 6-year-old company with 700+ business customers a startup? What would you call a company just starting out with no sales? The latter has little credibility – unless they have developed a revolutionary product, such as a miracle drug or medical device. The former has lots of credibility. This can matter because many entrepreneurs think they can get VC

→ Continue reading at Forbes - Startups

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