THE DREAM IN ACTION

People think that winning an awards show like The Crunchies makes them a success…false. Along those lines, SO many people consider getting a solid round of venture funding a success…false again.

Why or how is it that a company can be successful without making money (or, creating value)? If you sell your company to Google or Oracle or whoever, then you’re a success. You’ve created an entity that creates value enough for another entity to spend $$$ for what you’ve created. Similarly, if you create an entity that creates value enough so that consumers or other businesses purchase your product, and the money you make from that sale can cover the costs to create that product, then you’re a success. This is business success, very simple.

The notion of winning a venture round = business success, is still being carried over from the dot-com bubble of 2001 and the sooner it dies the better off entrepreneurs and VC’s will be.

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