VCs could be bad for your start-up. Here's an alternate model of funding

Professor Saras Sarasvathy says have someone pay you to build the product, reports Tech in Asia

They think the products they are building are worth an X amount of money and there is a market of millions or even billions of dollars out there. In predicting the future, these bright, young entrepreneurs are nailing the first, fat nail into their start-ups’ coffins. Professor Saras Sarasvathy is sitting on enough data to tell us this.

"In Bangalore, they are doing more of it because they think predicting the future is the way to get venture capital funding. They are not even predicting the future to get the customer; they are predicting the future to get VC money!"