> can anyone tell me how VCs work exactly? anyone had any experience working
> for a company that went with VC funds. always seemed like an evil idear to
I have had experience with good and bad. Bad was my experience, while in college, working for a screen-phone venture (good idea, neat and well-tested technology, but funding was both too lean and then got pulled in a nasty, nasty dispute, which is why no one has ever heard of Transphone. Too bad.) as well as times where it's gone well.
Consider VC funding as an external source of funding - one that you repay with equity rather than cash-flow. They therefore want your equity to rise in value, and they want as much high-value (or at least sellable) equity as they can get. As simple as that. That said, they're not malicious, and shouldn't be discounted on principle: some products/projects just won't work out without scads of cash.
If you want an example of a VC deal gone bad, look at what happened to Ars Digita. Everyone on the net should know about that by now.
m.
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> Marco Anglesio | Alcohol, hashish, prussic acid, <
> mpa at the-wire.com | strychnine are weak dilutions. <
> http://www.the-wire.com/~mpa | The surest poison is time. <
> | --Ralph Waldo Emerson <
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