I'm getting more and more convinced that having to take VC is a competitive disadvantage. Granted, some types of startups have to have some kind of VC funding, but I'm planning to avoid it if at all possible.
Well it has advantages and disadvantages. You can get $5m from a VC round while only giving up the same amount of equity you would to take $0.5m from angels. At the same time, you drastically reduce your potential exits by limiting yourself to much higher dollar amounts.
You have to weigh the pros and cons and decide what's right for your situation.
