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Wow this must be cathartic to even write. If you had a chance would you take the seed money again? How about the VC money?
by jtchang 9y ago
Wow this must be cathartic to even write. If you had a chance would you take the seed money again? How about the VC money?
- __d 9y agoThe short answer is that I would be a lot more cautious about taking any investment now, and I tend to dismiss ideas that clearly don't lend themselves to bootstrapping. The biggest surprise to me about having VC investors was how "hands off" they were, and how much good money was thrown at us when I would have either refused to invest more, or insisted on keeping a much, much closer eye on where it went and how things were going. Our investors were not evil, quite the opposite. I don't know if they were lazy, trusting, optimistic -- I don't understand to this day. I think they'd have lost a lot less if they'd taken the time to investigate how things were really going rather than believing the pretty slideshows. I've heard/read plenty of horror stories where this wasn't the case, and investors were very intrusive and micro-managed things, but that wasn't my experience.