I'm a student and an iOS developer. I am trying to pay for advertising for my apps. Is this a situation where I'd want to raise venture capital? I develop my apps solo, sometimes my own ideas, others are contracted out.
If yes, how does VC work? (Yea, an open ended question, I know.)
Edit: Here are a few more details:
I've considered both iAd and other promotion websites. They all require several thousand dollars which I don't have right now.
I'm a student and a budding facebook developer, with other previously launched windows software, so I'm in a similar situation. The best thing I can suggest from my own experience with advertising software, which I did profitably, is to start small and make sure you can turn every dollar you spend into at least a dollar in income.
You won't need VC unless you're looking to go into this full time with a staff, office, equipment, etc. Even if you DO want to do that (I know I would go for it) you'll still have to explain why your product is different and why it would be profitable, which is easier said than done unfortunately.
You don't need a VC at this stage.