I am one… so take this with a grain of salt. Via PaidContent, commenting on the latest $5M Series A round, Lonely Girl’s CEO says:
“We’ve always wanted to stay independent and produce interactive shows that we could put our hearts and souls into, and sometime last fall we realized that raising money would give us the ability to remain independent and produce amazing shows on our terms.”
As Rafat Ali comments: Remain independent and venture capital? Truer words have…
Indeed. Getting VC money is the easiest way to lose independence… that’s like getting married and then saying:
“I can’t wait to start playing the field and doing whatever I want late at night, drinking Scotch in the morning and snorting coke off of a hooker’s ass by midday”
People… what are you thinking? Video advertising (which is what will finance all of this) remains embryonic, the sooner you raise excess capital, the sooner you will have outsized expectations… it’s one thing to set big goals for yourself and your company… but when outside investors with too much time on their hands have outsized expectations… it’s your ass that’s on the line. Anyway, I am hoping that they leveraged their sponsorships and profitability to get great terms from the VCs.
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