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Exactly, I've worked in 3 companies in Germany that you might call startups without venture capital. I think it is also a cultural issue, with investors and fou
by maze-le 8y ago
Exactly, I've worked in 3 companies in Germany that you might call startups without venture capital. I think it is also a cultural issue, with investors and founders alike. Its like, a small company with an independent revenue stream and a small but reliable customer base is worth more than artificially (VC-)inflated companies, that might make it... one day... maybe.
- mk89 8y ago> is worth more than artificially (VC-)inflated companies, that might make it... one day... maybe. For who? It's probably more satisfying because you are making it without any help. But that's it.
- maze-le 8y agoA colleague from sales told me an anecdote once, that she is not going to use the word 'Startup' again during sales pitches and general customer interaction. I worked in publishing at that time and customers in this sector tend to be more conservative and long term planning than in other sectors. Essentially they feared that the company might not exist anymore in 2 years to come, because of {acquisition, restructuring, bankruptcy} or some other reason. Appearantly beeing a 'Startup' seems to be associated instability and unreliability in some circles -- wich again is part of these 'cultural issues' wich I was talking about in the previous post.
- mk89 8y agoI think this is unrelated to being self funded or being in the A, B or C round. It's more about the fact that any new cool young company can disappear soon, if there is no business. And this happens both if investors give you money or if you simply don't make enough money. That's the way it is... Eventually, if the business doesn't work well, it doesn't work well... It's also somehow the reason that nobody got ever fired for hiring ibm or whatever the saying says...