For years, start-ups of all stripes have been eager to fork over a chunk of equity for a hefty round of superstar venture capital (VC) financing. But today, according to financial journalist Erin Griffith, entrepreneurs are beginning to scrap that dream. They are rejecting offers of millions of dollars in VC funding dangled before them. Instead, founders are turning to new, alternative investment arrangements that give them more control. This intriguing look at a new generation of tycoons will interest financiers and entrepreneurs across all industries.
In this summary, you will learn
- How the venture capital model for funding start-ups works,
- Why entrepreneurs are looking for alternative financing arrangements and
- What new financing models are developing.
About the Author
Erin Griffith is a New York Times journalist reporting on technology and venture capital.