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"People" don't hate lifestyle businesses. "Investors" (both VC and angel) hate them, and it's for the obvious reasons: if an entrepreneur doesn't take outside
by kbob 16y ago
"People" don't hate lifestyle businesses. "Investors" (both VC and angel) hate them, and it's for the obvious reasons: if an entrepreneur doesn't take outside funding, and doesn't shoot for a big exit in 5-7 years, then there's no opportunity for a VC to profit.
The early-stage investment community controls the dialog about entrepreneurship, and they're not entirely unbiased.
- garply 16y agoI find people who flock to these investors (YC included) ridiculous. You know what? Between 5 million and 50 million in the bank, there's not a hell of a lot of difference in how your quality of life is going to be affected. But when you choose a business strategy to generate one of those two amounts, there is going to be a hell of a lot of difference in your probability of achieving those two targets.
- jon_dahl 16y agoI find people who flock to these investors (YC included) ridiculous. This is pretty overstated. There are legitimate reasons for "flocking" to investors. Some (not all) businesses will have a better chance of succeeding with a large influx of capital, or with the advice, connections, and pressure provided by an investor. Just because you don't need an investor to be successful doesn't mean that people who take investment are ridiculous.