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Of course not everything is about ROI. However, the VC model is predicated on outsized returns. Without that they don't exist. Novelty's value to a VC is that i
by cbsmith 11y ago
Of course not everything is about ROI. However, the VC model is predicated on outsized returns. Without that they don't exist. Novelty's value to a VC is that it makes it more credible that they'll see such outsized returns.
When founding a new organization, you have a choice of making it for-profit, or non-profit. If you choose for-profit, you are making a statement about your priorities; when you take VC money, the term sheets are very clear about the ambitious ROI you are going for.
- AndrewKemendo 11y agoI think your point about profit vs non-profit is a good one. Unfortunately I have yet to see a non-profit or FOSS bring widespread changes to the way people live and work - so we are kind of stuck for a while with this model eh?
- cbsmith 11y agoI dunnoh. The Linux Foundation/EFF/FSF/etc. seem to have done a fair bit. ICANN too.