Just Say No to the VC

SmartBiz.com: Small Business Resources - Bootstrapping 2.0: Smart, Marketable Ideas Trump Outside Capital: "One of the first lessons an avid outdoorsman taught me is that when you’re facing the unforeseen elements of nature, it isn’t smart to rely on outside help for survival. We sometimes forget that the same is true for business, particularly in light of the venture capital-fueled dot-com boom and rise of advanced Web-based (or Web 2.0) tools that are helping to redefine the concept of “bootstrapping,” or building a business without outside capital."

This is a great article that highlights what I think is an important principle that many entrepreneurs miss. Sometimes, big success starts with prudent but smart investment.