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You sound incredulous about this – VCs have a pretty clear business model, funding slow-growing steady businesses is not it.
by aidanlister 8y ago
You sound incredulous about this – VCs have a pretty clear business model, funding slow-growing steady businesses is not it.
- freshhawk 8y agoTo be fair, that business model includes obscuring that aspect of the business model as much as possible.
- m-i-l 8y agoBut VCs normally try to fund genuine businesses - in this case, by suggesting they weren't interested in a "proper business" (as in a legitimate business) and were wanting something to exit in the "short term", the insinuation was that they just wanted a sham / fake business that they could use to fool people just long enough to do a 100x pump and dump.