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> Letting the VC industry choose the preface is not ideal This actually touches on an important point. The whole reason that, "No no, that's not a real busines
by w4 11y ago
> Letting the VC industry choose the preface is not ideal
This actually touches on an important point. The whole reason that, "No no, that's not a real business," gets bandied around is because it benefits VCs. If founders think that they need to take VC money to assuage their insecurities about being a "real" business, that doesn't help the founders. It helps the VCs' deal flow.
- danieltillett 11y agoThe is exactly why I hate the term lifestyle business - it make it sound like you are running a beach bar on some tropical island. With technological change the need for VC money is much less than the past. With a relatively small amount of money these days you can start and build a very serious tech business (assuming you have the skill and drive) all on your own. I am not running a lifestyle business - I am running a business 100% focused on hitting my end value target and providing my customers with the best product possible.