Running A Successful Bitcoin Company Does Not Necessarily Require VCs

It is impossible to deny the financial returns VC-backed companies can achieve in a few years. Companies who run an ICO in the Bitcoin world usually see far less returns, but the tokens are tradeable across exchanges.
The Bitcoin and blockchain sector heavily relies on investments from VCs. But as it turns out, the venture capital approach can cause quite a few issues for companies as well. There is a right and wrong approach to dealing with VC funding when push comes to shove. Enterprises taking the wrong approach will find themselves at a significant disadvantage.
In the end, it all boils down to whether or not the entrepreneurs in question can be efficient at their job. It’s hard to grasp the concept of efficient entrepreneurship, and securing funding plays a key role in the process. That said, it is not the only driving factor by any means.

This post was published at NewsBTC on 1:15 pm October 16, 201.