Venture Capital: What is the Price of Freedom?
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Kevin O'Leary: What is the price of freedom? Entrepreneurs love being their own bosses, but raising capital is a trade-off between getting funding and maintaining control of the company. Capital is the oxygen that keeps small businesses alive and helps them grow, he says. As Basecamp CEO Jason Fried put it: “Venture capital money kills more businesses than it helps” O’Leary: ‘Almost 40% of all CEOs are gone within three rounds of VC investment’