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“Venture capital can be like a mortgage you can’t afford,” says Atlassian co-founder Scott Farquhar. “It sounds great at the time, but you regret it when your m
by ryporter 10y ago
“Venture capital can be like a mortgage you can’t afford,” says Atlassian co-founder Scott Farquhar. “It sounds great at the time, but you regret it when your mortgage payments overwhelm you and you realize you didn’t really need a big house in the first place.”
No, venture capital is not at all like a mortgage. There are no payments due, unlike a small business loan, which is very much like a mortgage.
- chrisabrams 10y agoI couldn't have said it better myself.
- achow 10y agoI guess Scott Farquhar perhaps meant that 'payments due' are the growth numbers that one has to meet periodically (monthly, quarterly, annually) - to which one had agreed on during the VC funding.
- genericresponse 10y agoI believe that's why that particular figure of speech is called an analogy...