Venture Capital: Success without VCs abounds in business

Point B Solutions Group, a Seattle company that provides project management consulting to dozens of clients, was started 10 years ago with a $200 investment from the three founders.

The profitable company now employs 185 people and last year posted sales of $31 million.

Not bad considering that Point B has never raised a cent of venture capital.

"We just didn’t need it," co-founder Tim Jenkins said, adding that the initial $200 investment was used to buy letterhead and business cards.

Though often overlooked, there are plenty of companies like Point B that build their businesses organically through revenues and profits.

By JOHN COOK
SEATTLE POST-INTELLIGENCER REPORTER

Full Story: http://seattlepi.nwsource.com/venture/217486_vc25.html