The benefits of NOT seeking VC funding!

I know most startup tech companies in this area rely on and are consequently beholden to Venture Capitalists. Many do not realize what exactly they are giving up by seeking Venture Capital financing right off the back. The earlier you seek the more they will demand. 

Capital is becoming very expensive, loans are harder to get and Venture Capital will want more and offer less (money that is.)  Many startups (venture capital backed or not) will probably not survive this recession. Big companies with far great name recognition have already gone under-and there will be more to come. The storm has arrived and is still gaining strength. 

Those who manage to keep a big stake in their startup, and can survive without Venture Capital are in a better position than many bearish economists think. And I have a huge stake in myabuy.com-100% to be exact. I will not let this company fail, because it is my capital on the line-not Venture Capitalists. Walking away and calling it a day is not a viable exit strategy.

This is an atypical startup-but it is also one that will be successful. I would not bet my capital on "a dog with fleas" (a term coined in the movie Wall Street.)

Chief myabuyer wishing all who read this (however many that is) a good nite.

Today starts a new day for myabuy.com!-and me!

I am writing ready to get the best shopping social network utility myabuy.com off the ground. while I may not have prior paid work experience I am capable of running and making the best new web 2.0 site the gold standard of sites. I am determined to follow the simple matra that Great customer service and a worthwhile product/service (myabuy.com) is all it takes to suceed in any business.

That is what I will bring to the table. I know from history that such a simple mantra has been the hallmark of great companies that leave a lasting legacy. The Enrons, WorldComs, or Global Crossings, that decided that short term shenegains to boost stock prices (pump and dump tactics) will not survive nor leave a posting lasting legacy in history. Myabuy.com will leave the type of positive legacy that people 10., or 100 years from now will say-wow Myabuy broke new ground in the web field. They were a company that lasted long after the flash in the pan venture capital funded "next big things" are long gone and buried.

It will happen. I will show you.

-Chief Myabuyer