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It’s my understanding founders sometimes want to go back home while the VCs insist on SV. From the VC side, I wonder if the high burn is almost a plus: they nee
by nthj 9y ago
It’s my understanding founders sometimes want to go back home while the VCs insist on SV. From the VC side, I wonder if the high burn is almost a plus: they need the founders to need a lot of money so the VCs can scoop up a higher percentage, and they need the founders to feel the monthly burn so they build something fast.
- jmalicki 9y agoFrom the VC side, it's because they don't want to help build your business, they either want you to be a unicorn (where you absolutely need the top talent that can only be found in SV for exorbitant salaries) or go bankrupt. If you want to build a business with less than a billion dollars of revenue, best to avoid the VCs altogether, they'll just fuck you.