No favors: “No favors”
They’ve decided to go it alone, without venture capital. Meet some Israeli bootstrap start-ups.
“In recent years, there have been quite a few entrepreneurs wandering around with good ideas (at least in their heads), but unable to raise capital. There are no more angels willing to invest hundreds of thousands of dollars. The number of venture capital funds making seed investments has sharply contracted, and those still willing to invest do so only after long and painstaking study, especially in cases of entrepreneurs without prior experience. ”
– A great article about bootstrapping and the potential dangers of VC. There is a mention of a company based on social networking. I mentioned in one of my earlier posts the potential of social networking companies and it is interesting that it turned up here. -ed.