Friday, May 27, 2005

e-book offered by Commonwealth Capital Advisors

There was a promotional offering of a free e-book from Commonwealth Capital Advisors entitled Raising Capital for Start-Up and Early Stage Companies. I'm looking at this book now, and of course it's an impressive piece of work. BUT... you have to be careful when you use it. These guys are making the assumption that "any company" looking for seed funding is looking for something in the range of US $100K to $500K. And that could hardly be further from the truth. There are new companies out there that are looking for no more than a few hundred dollars to get off the ground.

Which is how you can tell the e-book is written by a venture capitalist. Anyone looking for that small of an amount of money isn't in the crosshairs of a self-respecting VC. A VC won't give out advice for anything that puts less than a few $K in the VC's coffers -- in a single day, in some cases.

That doesn't mean the book isn't useful. You just have to recognize that the author may not recognize your company as a real, valid start-up.

Labels:

0 Comments:

Post a Comment

<< Home