Don’t look for business wisdom from the people who poured millions into Theranos and Juicero.
I always recommend that entrepreneurs bootstrap their businesses until they have a demonstrable and reliable business model. Early in the life of a business, getting a loan from a traditional lender is unlikely because the business doesn’t have a proven track record of success and relying on venture capital is most often a waste of time. Additionally, in my experience, there is a whole host of reasons not to bring venture capitalists in as partners to your business. I don’t trust venture capitalists and I’ve shared a few of the reasons why below.