No one. I would prefer to be able to grow a business that is profitable, not one desperate for an exit strategy before funds run out. I've seen what happens when a company tries to gamble on getting bigger and fails (investment bankers are not nice).
With VCs you trade time (to find them) and control in exchange for money and contacts. That is often a good and necessary trade but one I personally would not like to need to make.
You're going confusing two things here. Raising investment for your company is not the same as having a business model dependent upon acquisition/exit strategy.
Remember ever investor dreams of getting stock in the next Google - the one piece of their portfolio that will make up for all the other losses combined. A big hit of nature will come either from a massive acquisition (like YouTube - but just how many acquisitions have there been on that scale? The media hypes these up a lot but that distorts the actual perception of the regularity with which they occur) or from running a sustainable business e.g. Facebook that can grow by itself.
You're going confusing two things here. Raising investment for your company is not the same as having a business model dependent upon acquisition/exit strategy.
You are correct, the two need not come together. I was thinking of the traditional idea of a technology startup.
You're going confusing two things here. Raising investment for your company is not the same as having a business model dependent upon acquisition/exit strategy.
Remember ever investor dreams of getting stock in the next Google - the one piece of their portfolio that will make up for all the other losses combined. A big hit of nature will come either from a massive acquisition (like YouTube - but just how many acquisitions have there been on that scale? The media hypes these up a lot but that distorts the actual perception of the regularity with which they occur) or from running a sustainable business e.g. Facebook that can grow by itself.
With VCs you trade time (to find them) and control in exchange for money and contacts. That is often a good and necessary trade but one I personally would not like to need to make.