Entrepreneur, former Apple Fellow, author and speaker Guy Kawasaki was in Canada today speaking at the entrepreneur Week exit event. The speech, centered around his book Art of the Start
, was a great and candid view of Guy's experiences. I would strongly recommend anyone starting a business, business unit, or even radical project initiative, catch Guy speak whenever you can.
Probably the most humorous take-away from the speech was Guy's answer to question posed by an attendee regarding whether or not startups need venture capital to succeed:
Venture capital money is like crack ... since I'm a venture capitalist ... (that question) is like asking a crack dealer if crack is good. The answer, of course, is that crack is bad.
After getting off the "VCs as Crack Dealers" analogy, Guy got back on track and echoed the sentiments of many venture capitalists. Venture capital funding is one way, not the only way, companies can fund the growth of their business.
Check out Guy's blog at http://blog.guykawasaki.com