Avoid Venture Capitolist at all costs!

These days during the global financial crisis are very difficult, especially if you have a young company or idea that needs funding. Don't follow the path of previous startups and kiss up to Venture Capitalist. Their job is to make money off of you, that's their main and only focus. The free coffee and donuts every time you meet them is a smoke screen.

Read the story about the Zappos sale to Amazon.com and how a experienced entrepreneur was forced to sell his incredible company at a price he wasn't able to influence because the VCs controlled the ability to sell the company whenever and to whomever.

Find another way, a way that has not succeded or been tried before. Believe that your new idea in finding money for your company is better then any VC can ever help you to achieve.

Use Twitter, Facebook, and follow trends. Leverage you passion and create a community around what you love and have that community love you back. BUT don't go to a VC!

Tags: venture capitolist, zappos, twitter, Amazon, Facebook