Jon Oringer, the Founder and CEO of Shutterstock, recently wrote an article for recode.net entitled ¨The Myth of Venture Capital¨ in which he details some of the lessons he has learned about raising money in the tech start-up space. A great excerpt from the article: ¨Many entrepreneurs think that cash is the ultimate solution to all of their problems, the one thing standing between them and their dreams. This is a dangerous mindset for several reasons. For one thing, it’s not necessarily true. Prominent and successful VCs like Fred Wilson will tell you that data actually shows that the amount of money startups raise in their seed and Series A rounds is inversely correlated with success. He writes that “less money raised leads to more success.”
To read the article in it´s entirety, click here.