Why Nine Out of Ten Venture Capital Funded Startups Fail
MONEY IS NO OBJECT is a true story that highlights the conflicts that inherently exist between the managements of venture capital funded startups and their venture capitalist dominated boards of directors.
Venture capitalists have developed strategies that give them an upper hand over the managements of their startups from the time of the initial funding until the company becomes self-sufficient. This true story highlights the effects of these strategies during the development period of a typical startup.
MONEY IS NO OBJECT describes why venture capitalists invest in certain businesses and reject others. The story is written to help startup managements avoid the typical errors made by venture capital funded businesses that contribute to their high failure rate.
This story centers around two pioneers of Silicon Valley, Tom Perkins, the celebrity founder of Kleiner Perkins Caufield & Byers, and Michael A. McNeilly, the founder of Applied Materials.