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99.99% of tech entrepreneurs don't have the resources to build and scale a technology company to profitability. It's HARD. It's expensive. A very small numbe
by webwright 16y ago
99.99% of tech entrepreneurs don't have the resources to build and scale a technology company to profitability. It's HARD. It's expensive. A very small number of ideas can be brought to market for free, scaled in your off-time until the magical day that you can quit your day job. Some ideas require a team of people, and teams are very hard to get/keep for free.
So yeah, raising money is a dream of a lot of people so that they can set aside their day job and focus on the company that they want to build. The deeper motivations might be to build a profitable company, to get to a liquidity event, to get rich, to change the world, or just to create something that they want to exist...
One dream does not preclude the other.
- daeken 16y agoI agree that in a lot of cases, raising money is the best way to get somewhere. The problem is that sites like Techcrunch often treat raising money not as a means to an end, but as an end in itself.