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I think in this instance it means not accepting venture capital, which gives them greater flexibility to travel.
by mcone 9y ago
I think in this instance it means not accepting venture capital, which gives them greater flexibility to travel.
- nailer 9y agoNot accepting VC is more a side effect of having a lifestyle business than the aim. A startup's main aim is growth. Most VCs won't accept an idea that doesn't have the potential to be worth a billion dollars. One amazing investment must have a 10x return to pay for the 9 shitty investments that failed. A lifestyle business' aim isn't growth. It's aim is to provide enough money and use a small amount of the founder's time, so the founder can enjoy their life.