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Venture capitalists can provide me and my company with expert advice and contacts

Venture capitalists will take a large piece of equity in your company. And you only have 100% of equity to give away or keep – there is never more. Venture capitalists can bring expertise and contacts but trying to raise venture capital to get expertise and contacts is an expensive proposition. You may be able to get that expertise via consultants, an advisory board or by assembling a board of directors.