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19 of 20 investments fail because VCs equate success with > 1B$ valuation. Among the failed companies there are plenty that produce great and useful products bu
by mixedbit 9y ago
19 of 20 investments fail because VCs equate success with > 1B$ valuation. Among the failed companies there are plenty that produce great and useful products but need to shut down because the VC deals forced them to grow to unsustainable size.
- vasilipupkin 9y agook, but those 19 investments didn't have to take VC money. if they produced great and useful products, then why couldn't they grow organically, borrow from a bank, etc.? I mean it's just complete nonsense to complain about the fact that you failed using someone else's money.
- mixedbit 9y agoThey could grow organically and there are plenty of companies that do, but this is not the Silicon Valley way, and this is what the article is complaining about.
- vasilipupkin 9y agowell, to be honest, I don't get that criticism. Why does it need to be the silicon valley way? you want to build a 10 million dollar business? you can do that in Boise, Idaho without VC funding. I mean the article is just clickbait.