Venture capital isn't a business model - Technical.ly

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Feb. 10, 2017 12:55 pm

Venture capital isn’t a business model

Not all startups need it, either. Our recently updated Tomorrow Toolkit explores the role of capital in building a business.

At the Atlanta stop of the 2016 Tomorrow Tour.

(Photo by Bill Rush/Comcast)

Plenty of companies have gotten lots of attention for attracting millions of investor dollars and even more users that aren’t paying. But here’s a secret that may be reassuring to anyone starting a company: To build a successful business, you don’t need either group.

That’s one takeaway from the Tomorrow Toolkit, a 20,000 word, 20-chapter ebook Technical.ly published with support from Comcast NBCUniversal. The recently updated ebook offers best practices from startup leaders in cities around the country on starting and scaling a young company in today’s highly collaborative startup environment.

Read the ebook

Taking outside capital to fuel fast growth is a major, even celebrated, part of what we at Technical.ly see as the life cycle of growing startups today. But for an entrepreneur, that investment round often means giving up ownership and suddenly higher expectations. Capital is just one of the factors in the push and pull between figuring out a business model and fueling growth.

The ebook dives into this and other major parts of growing a company. Here are a few other lessons that stand out that you should take on yourself:

Think of it this way: For those who take investment dollars, it’s just a down payment to go prove that their business works.

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Stephen Babcock

Stephen Babcock is Market Editor for Technical.ly Baltimore and Technical.ly DC. A graduate of Northeastern University, he moved to Baltimore following stints in New Orleans and Rio Arriba County, New Mexico. His work has appeared in The New York Times, Baltimore Fishbowl, NOLA Defender, NOLA.com/The Times-Picayune and the Rio Grande Sun.

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