Evan Williams of Twitter offers up a good post on why he’s considering VC funding, despite the perception some have had that he would eschew such money in his startups after Odeo. It’s informative not only of his own situation, but it also is a valuable resource for anyone considering raising funds to run a startup.
He lists the possible routes he could follow:
1) Figure out how to get profitable
2) Keep funding Twitter myself
3) Get an alternative source of funding
4) Get bought
5) Raise VC
And he notes that good funders bring more to the table than cash:
VCs, if chosen well and a good fit—and a fair deal is constructed—can be a useful source of funds + smart people around the table helping you make better decisions.