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Angels, Dragons and Vultures: How to Tame Your Investors And Not Lose Your Company by Simon Acland

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CAN YOU BEAR TO BRING IN YOUR OWN REPLACEMENT?

One of the first things you need to decide before you raise capital and accept outside investment is whether running your company and continuing to run your company until the exit is a sine qua non for you. If you decide that it is, and this is the first time you have done it but you still cannot contemplate any circumstances in which you would willingly hand over the reins, think, think, and think again before you take in external investment. Go back to Chapter 1 and reread it.

If you have built a business successfully before, or if you have been through the venture capital process as a founder, then your self-confidence may be justified. Then it is different. You may have the necessary experience, ...

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