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Slow Ride

The more VC, the less control. Why not take it easy?

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This story appears in the August 2000 issue of Entrepreneur. Subscribe »

Here's the scenario: You get a great idea for a Web site, get it up and running, then go looking for venture backing. Investors like it and decide to opt in. They plunk down a cool $20 million and you ride off into the sunset temporarily flush.

Sounds like a script any self-respecting dotcom would follow, right? Not if you're Cofix Inc., a Web site that matches small and midsized firms with technical-service providers and helps entrepreneurs keep track of their service needs via the Internet.

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