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I’m fairly familiar with one of the businesses in the article and it’s just fascinating to me. They took a solid product that would’ve absolutely made a perfect

• nolok 7y ago
  That can often be a big issue once you take VC money, suddenly successful isn’t enough anymore, you need to reach insanely successful levels.
  • Angostura 7y ago
    My only experience of VC money was during the dot-com bust. Worked at a pretty successful start-up that was good at what it did and was growing organically slowly but nicely. VC money came in and suddenly the CEO was obsessed with hiring people - to show huge amounts of growth. I was sitting there saying "with a little bit of thought we can automate this stuff, go down the pub and watch the money roll in". It lasted about 2 years until everyone lost their jobs and everyone (VCs included) lost their noney.
    • quaquaqua1 7y ago
      But clearly the money guys know best, because they would never act irrationally! /s
• Gibbon1 7y ago
  Reminds me of someone bitching about spending a decade developing a solid business and then a bunch of VC funded companies came like locusts, eating everything, and then promptly died.
  • jacquesm 7y ago
    This happens quite a lot. There are some advantages to be had here if you play it clever but you better have a very solid play on how you plan on staying in business while the VC funded companies burn through their capital. At least you'll have a few opportunities to buy cheap Aeron chairs ;)