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He would have had to spend time on fundraising and then keeping outside investors happy, rather than focusing on his business. Yes, there would be a few more ze
by zrail 11y ago
He would have had to spend time on fundraising and then keeping outside investors happy, rather than focusing on his business. Yes, there would be a few more zeros on the bank account balance but there would also be new concerns and new opinions to deal with.
It also wouldn't have solved his problem. VC money in this case would have been like putting a bandage on an cut artery. It'll slow the bleeding temporarily but someone still has to sew things up at some point.