This session explores why VC funding might not be the right funding model for every company, or indeed, in the spirit of #intheblack, might not be needed at all. VC is an outlier, convexity driven business forcing a hi-octane execution model - will you end up building your business so the VC avoids their career risk, but it might not be the desirable outcome for you? Popular startup culture in the current cycle has romanticised overfunding of startups and rare outcomes, when the base rate and historical precedents are different. What are the things that have stood the test of time - what is it that we can learn from past cycles, from history, from the Classics and common sense that can serve entrepreneurs well? Can one succeed by bootstrapping and can one build large scale businesses without external VC funding? What are the trade-offs? And are the alternates desirable? This session will take a different look at the funding of early stage businesses and hope it can generate enough debate on whether VC funding is overrated or not.