Codie Sanchez | Source | Managing Director and Partner at Entourage Effect Capital

Very few people, if anyone, are giving money to ideas. So if that’s the stage that you’re at, I actually think the much better play is, there are a ton of companies that were mismanaged or companies that didn’t get enough capital, and those companies are looking for acquisition sales.

So if you’re an early entrepreneur in this space, I would try to acquire a company, instead of starting a new one, and pay for it with future revenue.