How does a young company decide to go out for venture capital rather than bootstrap themselves? For Steve Perricone, Co-founder of BioFuelBox, it all comes down to speed to market. And, he says, in Silicon Valley, speed is a key motivator to seeking outside funding. He also points out the other values of VC beyond cash, including wisdom and relationships within the industry, assistance in building a strong board, and, most importantly, the credibility that the right partner can lend.
Apr 29, 2009