I’ll agree with your point that growing a business has challenges, but I feel like I have to disagree that the challenges I’ve described aren’t unique to venture capital.

For example, constantly operating at a lost is very much an approach for venture-backed companies. Companies without VC can’t afford to do that. Similarly, having investors you have to keep in the loop is, again, specific to taking investment. I don’t see how that would be an issue if you didn’t take VC money.

Aaron Dinin, PhD

I teach entrepreneurship at Duke. Software Engineer. PhD in English. I write about the mistakes entrepreneurs make since I’ve made plenty. More @ aarondinin.com