According to Guy Kawasaki, you would do poorer business. That is right: more money makes for less quality. He gives 6 logical reasons why...read on and share your thirsty fish thoughts in return.
Many entrepreneurs believe that the lack of capital is their primary problem. If only they had a fat bank balance, they could kick butt. As a venture capitalist, I’ve seen what happens when companies raise substantial capital. It’s not pretty—in fact, my theory is that too much money is worse than too little. Here’s why.
Expenses expand to the level of funding Money creates a false sense of security Money makes companies hire “proven” people Money makes companies buy people with salaries Money causes dependence on experts and vendors Money makes entrepreneurship look like a serial process |
clipped from www.openforum.com
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