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Greek Business Market: VC or not VC?
Published March 30, 2008 Business , Greece , Personal Comment Leave a CommentTags: Business plan, entrepreneurs, Greece, IT, VC
Since, we know that Greece is a small market and therefore the IT market is equally balanced with the size of the country, still a lot of new entrepreneurs keep seeking for funds and money from VC’s around Greece, with only a Business plan in there hands. And I wonder… is there such a big need of money in order to make your own start-up company in the field of IT? In my belief “No!!”, nor VC’s are needed in making your dream come true. IT is a field which includes an enormous amount of tools, resources and people which can easily help you with their knowledge, guidance and help to create of your end product, with out the intervenes of VC’s (which will force there opinion in your Dreamy Company or even control your company later on), and all that for free!! Additionally VC’s in Greece are not so intimidated to invest their money in just one great idea. They need actual proοf of the potential of your company and a demo of your product!!
Additionally, I have start to understand the way of how some Greek entrepreneurs think. They think Too BIG. They don’t want to spent all there money to there idea, like selling there car/motorbike or half the amount of money they have in there pockets, because “how they are going to have there girlfriends out?”. Therefore is better to take others money, rather than spent there own!! These past few days I have read so many stories of how Global companies started with actually only pocket money until they reached the level to attract VC’s. Why not you? Why not US? In my humble opinion, start-up companies must start to cooperate with each other, and for start “Keep the VC’s away” until they have something great to show so as to have the upper hand in a future negotiating fund.