I've often wondered about the sanity of using VC funding as a metric for measuring the success of a start up. If your business is simply developing tech to raise funding, then you're existing in a vacuum. Abraham Lincoln would have made a create start up founder:
"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights."
"The penniless beginner in the world," he once explained, "labors for wages awhile, saves a surplus with which to buy tools or land, for himself; then labors on his own account another while, and at length hires another new beginner to help him." This steady, gradual advance, Lincoln insisted, is "the prosperous system, which opens the way for all — gives hope to all, and energy, and progress, and improvement of condition to all."
"Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights."
"The penniless beginner in the world," he once explained, "labors for wages awhile, saves a surplus with which to buy tools or land, for himself; then labors on his own account another while, and at length hires another new beginner to help him." This steady, gradual advance, Lincoln insisted, is "the prosperous system, which opens the way for all — gives hope to all, and energy, and progress, and improvement of condition to all."
Sage words.