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You’d take that money, and now you have a 200m dollar company, so you need to hire, market and scale like a 200m dollar company. And btw you need to be worth a
by albertgoeswoof 8y ago
You’d take that money, and now you have a 200m dollar company, so you need to hire, market and scale like a 200m dollar company. And btw you need to be worth a lot more than 200m next year otherwise your investors (who have significant influence) will be pissed off.
So instead of continuing to deliver for your current customers and users you start chasing bigger things, and if you’re lucky it works, if not you fail and your company burns all the cash in a couple of years and files for bankruptcy.
- exolymph 8y agoYou're both right. Whether taking VC capital makes sense is context-dependent. What kind of business is it, and what are the market dynamics? What are your own goals for the business? Etc.