How Do High-Growth Firms Thrive without VC-Funding?
One of the most widely quoted distinguishing features of high-growth firms is that they often receive funding from venture capitalists (VCs). While this may be true, there is very little knowledge about companies that grow fast in the absence of VC-funding. A number of competing theories exist about these firms: some believe that they are very similar to VC-backed firms, while others suggest that they are fundamentally different.
Source: Endeavor Insights