Silicon Valley entrepreneur and angel investor, Chris Neumann, shares his insights on what founders need to know about raising VC investment, and why equity investment is not right for every startup.
Chris joined Vicky Brock in Edinburgh while on a whistle-stop tour of the UK, where he was giving a series of fireside chats with Barclays Eagle Labs, to help early stage founders separate fact from fiction when it comes to Silicon Valley myths and the reality of startup fundraising.
A short and sweet episode, as Chris had less than 30 minutes before he was due on stage, he makes the critical point that VC money comes with very specific expectations around growth, and that founders pursuing that path - especially those in small countries or regions - need to broaden their perspective and map their development and progress to a suitably ambition baseline:
"Founders who want to go down the path of creating a globally changing company, it is important to get outside your own country fast. Most founders think of being the best, most successful company in their country. Silicon Valley founders think about winning the world."