Why I Turned Down $5 Million in VC Funding
Probably off-topic, but something I've never understood reading these things:<p>How does this funding actually work? From what little I know (the stock market) you'd sell an equity stake in your company for a certain amount and you have money in your personal bank account.<p>But it sounds to me like all these funds somehow go back into the company?? how?? what am I missing?