It makes sense to only go looking for VC funds <i>after</i> you have something going, technically and showing some profit.<p>I have a friend who has had a pretty good business idea for a long time, but all he does is plan, plan, and some more planning. He needs some do, doing, and done :-)
This was my favorite bit:<p>"Every time I drive by Sand Hill Road, I see clumps of “fresh fish”, shuffling from pitch to pitch, who equate raising VC with having a successful company. Look, this is hard; if you’re really building something of value, it’s going to be hard, and you have to be prepared to endure a lot. The finish line is liquidity for your shareholders, investors, and employees, not a VC raise."