Gal Josefsberg, Author at General Assembly Blog

Times Have Changed: Do You Really Need VCs to Launch A Startup?

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Gal Josefsberg is the VP of Product Development at SocialChorus and instructor at GA in San Francisco. In this blog, Gal describes the changes in fundraising needs throughout the years and how you can get your startup off the ground without VC buy-in.

Back In My Day…

I started my career in 1997.  Back then, the internet boom was just starting out and companies were launching into insane valuations over night.  It seemed like everyone was putting together a new site and then going IPO for hundreds of millions of dollars.  Of course, we all know how that ended.  The bubble burst and websites like eToys, pets.com and others lost their insane valuations just as fast as they earned them.  However, what few people remember about that age is that simple sites (and they were very simple back then) like eToys and pets.com needed millions of dollars to get off the ground.

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