4 ms·

Can you elaborate?

NickBusey 8y ago
I think TFA did a better job with that than I ever could. Regardless, my short summary is that VCs, in my experience, are the worst of people who don't give a shit about you or your team, and just want to see more and more money. I don't want to deal with or be involved with people like that. Edit: Also I should note, many of our VCs pitched themselves as 'angel' and 'impact' investors. So, while I didn't expect them to just hand us free money, I also didn't expect quite the level of cut-throat behavior we've seen.
- smartplaya2001 8y ago
  interesting we decided to bootstrap in 2016. Chasing down VC's is such a time drain when you can focus on your product. we now have about 28k users.
  - paulcnichols 8y ago
    Good for you! Doesn’t seem like a hard fork in the road though. You could probably raise a round much easier on way better terms now that you’ve proved the business. Maybe you’ll hit a point where the infusion of money really would make a difference.
  - CalChris 8y ago
    Yes, this is a strong point. VC money saves time but then getting VC money takes time.
- benmarten 8y ago
  Well, that's kinda expected isn't it? Also keeping in mind that essentially 9/10 startups fail, VC's are well aware of that and basically treat you that way. Welcome to the lions den!
  - deleted 8y ago
    [deleted]
- fs111 8y ago
  Why would they care about you or your team? It is an investment, not a social service.
  - nathan_long 8y ago
    Business partners are not family, sure. On the other hand, you could easily argue that almost everything is "just business". The doctor is there to treat you, not care about you, your boss is there to extract labor from you, not care about you, your child's teacher is there to impart knowledge, not care about her. Such black-and-white separation of concerns doesn't really fit well with being human, IMO. In most of these cases we want something less than intimacy but more than indifference.
  - brbrodude 8y ago
    A company is composed of people, redo the math.
- amelius 8y ago
  What exactly does "cut-throat" behavior entail in this case?
  - NickBusey 8y ago
    I've probably already said more than I should at this point under my 'real name'. Maybe once things are fully done and settled I'll do a write up.

Can you elaborate?

I think TFA did a better job with that than I ever could. Regardless, my short summary is that VCs, in my experience, are the worst of people who don't give a shit about you or your team, and just want to see more and more money. I don't want to deal with or be involved with people like that. Edit: Also I should note, many of our VCs pitched themselves as 'angel' and 'impact' investors. So, while I didn't expect them to just hand us free money, I also didn't expect quite the level of cut-throat behavior we've seen.

smartplaya2001 8y ago
interesting we decided to bootstrap in 2016. Chasing down VC's is such a time drain when you can focus on your product. we now have about 28k users.
- paulcnichols 8y ago
  Good for you! Doesn’t seem like a hard fork in the road though. You could probably raise a round much easier on way better terms now that you’ve proved the business. Maybe you’ll hit a point where the infusion of money really would make a difference.
- CalChris 8y ago
  Yes, this is a strong point. VC money saves time but then getting VC money takes time.
benmarten 8y ago
Well, that's kinda expected isn't it? Also keeping in mind that essentially 9/10 startups fail, VC's are well aware of that and basically treat you that way. Welcome to the lions den!
- deleted 8y ago
  [deleted]
fs111 8y ago
Why would they care about you or your team? It is an investment, not a social service.
- nathan_long 8y ago
  Business partners are not family, sure. On the other hand, you could easily argue that almost everything is "just business". The doctor is there to treat you, not care about you, your boss is there to extract labor from you, not care about you, your child's teacher is there to impart knowledge, not care about her. Such black-and-white separation of concerns doesn't really fit well with being human, IMO. In most of these cases we want something less than intimacy but more than indifference.
- brbrodude 8y ago
  A company is composed of people, redo the math.
amelius 8y ago
What exactly does "cut-throat" behavior entail in this case?
- NickBusey 8y ago
  I've probably already said more than I should at this point under my 'real name'. Maybe once things are fully done and settled I'll do a write up.