Venture Capitalism Is a Waste of Time

When you are going into venture capital, you also are goingto be giving away a large swath of your company. Think ten to 20 % of your company three, four, five times in the life of pany. You're going to get diluted massively, and you will often lose control of your company. It doesn't scale gracefully. And that's why sas, soffer as a service, cloud computing consumers, subscriptions, all these things are softer base businesses that scale very gracefully.