Jason Rines (iThinkBig)

Liquidity Isn't Apple Pie

Interesting statement of liquidity can become a ball and chain for entrepenuars/investors... Back a year or so ago, I approached the Boston VC/Angel community for funding. I am early stage and marginally profitable in one year with $300k founder contributions. Out of hundreds of entrepenuars, only a few dozen were selected for additional dilligence (my company was one of them) but getting any real deals going were like pulling teeth. The investors all wanted the next Google. Funds were bloated but no one was funding start-ups or early stage companies. I bailed on them and dove into sales with my team instead. Two VC companies called last month to ask if I still needed the money (I am keeping all my equity now thanks) and four others are now bidding to buy the company.