To continue our series on which is more important to startups (money or management), we recently asked local VC Jason Caplain to share his thoughts:
"The fact is that both [money and management] are needed, but management is more important. Our opinion is that great management teams will always attract capital."
Jason went on to say that solid management teams "are very creative and scrappy in finding financing sources. These entrepreneurs will find ways to grow their company -- through revenues and other sources -- if they're unable to initially attract venture capital. On the flip side, as we have seen, capital doesn't always lead to good management."
Jason's take is slighty different than Integrian CEO Pete Durand, who underscored the importance of capital first and foremost.
For entrepreneurs who seeking early-stage funding, Jason had a recent blog post that said a lot of potentially great companies run the risk of getting paralyzed when raising capital.
Have you experienced these challenges in your business?