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Another problem this article misses is that it's quite arrogant to assume a founder has other means to build a company. Most founders are quite honestly usually
by jarjoura 8y ago
Another problem this article misses is that it's quite arrogant to assume a founder has other means to build a company. Most founders are quite honestly usually young and that also means they lack capital, but would otherwise be brilliant and the perfect person/team to create the next Facebook/Uber.
- bayesian_horse 8y agoI think most startups who don't use external money try to grow from their own cash flow. Which in turn means lower payout and wages to the founders or early employees. "No VC" can also mean the founders take on loans, angel investors or friends&family.