Lucey Warns of Pitfalls of Taking VC

Ian Lucey’s favourite company is Drummohr Software, which makes tax software for the British tax system. The company, founded in 1996, made $2 million per year, and eventually sold out for $20 million.
Not bad for a company run by two guys, and then later with the help of one man’s wife and son. The company’s costs were $30,000 a year to cover the expense of producing and delivering CDs with the