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That's not something that VCs want their portfolio companies to settle for. If you would have invested, you wouldn't have seen much of a return at all if they w
by Hydraulix989 10y ago
That's not something that VCs want their portfolio companies to settle for. If you would have invested, you wouldn't have seen much of a return at all if they would have been content with staying a $10M company (which is only a TAD more than the valuation that most YC companies have when they raise their Demo Day seed rounds).
- taneq 10y agoYeah, I definitely understand why VCs would be pushing them to expand fast. I mean, that's basically the name of the game for VCs; pick a startup, pump them full of cash, push them to scale as fast as possible, and hope they turn into a unicorn. What's in the best interests of the VC isn't always in the best interests of the company, however, and in this case I think the VC influence was toxic. If they'd stayed small and kept sustainable (remember, their original kickstarter alone pretty much had them funded) then they would still be around.
- Hydraulix989 10y ago> "What's in the best interests of the VC isn't always in the best interests of the company" Don't get me wrong, I definitely agree with you there, just pointing out the reality of the situation!