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Don't understand why you got downvoted, because what you're saying is indeed the conventional wisdom : you can't get big without getting big fast , with a lot o
by bsaul 7y ago
Don't understand why you got downvoted, because what you're saying is indeed the conventional wisdom : you can't get big without getting big fast , with a lot of VC infused money, and work insane hours.
I think the next (current ?) generation is going to question that : values like "durability" and "long term vision" starts to get fashionable again.
The old industries were based on "family businesses" where you would take extreme care before letting someone new have shares of the company, where growing was measured in terms of generations, based on reputation and quality of work, and sustainability. And that gave giants, which lasted for generations.
I think it's getting clearer and clearer that there are alternatives to "pump and IPO" models, and that they may even be preferable for everybody (founders, employees and customers) except VCs who needs quick cash rotation.
Note: maybe what you meant is just "we're talking about VC funded companies, not other types". Still, i think VC will need to take new aspirations into account when looking for next gen companies to fund.
- techslave 7y ago> Still, i think VC will need to take new aspirations into account when looking for next gen companies to fund. they don’t. it’s not their model. get big or fail is inherent to their model and is what their fund investors want. for long term steady value or other (valid) models the VC customers (LPs) can just invest in index funds. The entire point of the VC is risk/reward. remove the reward and why would you take on the risk?