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I don't agree. I've been working for a company for the last five years building the Software alone that could of taken perhaps one year. The company has no de
by flannell 16y ago
I don't agree. I've been working for a company for the last five years building the Software alone that could of taken perhaps one year. The company has no debt and a great balance sheet, however any big company could catch us up in six months because they have the right resources. So I believe VC is great to get your product to market A.S.A.P before you lose the edge.
- eladgil 16y agoI definitely agree with this - I think there are really good reasons to raise money. As I mention in the blog, if you are raising money to accelerate what you are doing, want to scale the company etc. you should absolutely do so. I think this is a "good reason" to raise money. That said, I also think sometimes people want raise money for the wrong reasons as listed in the blog.
- ryanhuff 16y agoIts never perfect, and there are downsides to any circumstance. It just depends on how execute within the constraints. Small companies often lack the resources that they crave, have to be scrappy, and viable from the start. Big companies are often comfortable, suffer from inertia given their size, and innovation is often not a survival instinct. Small, well funded companies have built-in expectations from stakeholders for X-times return in N years, and so the operations and culture may not be built for long term viability.