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Why do you say it's toxic? The owners of most startups want roughly the same thing the VCs want. A big exit that puts lots of money in their pockets.
by marcinzm 7y ago
Why do you say it's toxic? The owners of most startups want roughly the same thing the VCs want. A big exit that puts lots of money in their pockets.
- toast0 7y agoA big exit that puts lots of money in the pockets of VCs and founders is great for them, but may or may not be great for employees and customers. The whole build a product, attract users, (big) exit, incredible journey cycle can feel pretty toxic at times.
- bigiain 7y agoExactly. In the context of the original post I was responding to talking about Mutual companies, founders and VCs aiming for 100x exits by shafting customers and employees and society - is "toxic"...
- RcouF1uZ4gsC 7y ago> The owners of most startups want roughly the same thing the VCs want. I am not so sure. The VC's want you to either have a billion dollar exit, or fail quickly. Most owners would be pretty happy with a multi-million dollar a year sustainable business.
- marcinzm 7y agoThe ones I knew would definitely prefer a $100 million exit where they made $20 million to a lifestyle business.
- bigiain 7y agoWhere "lifestyle business" is pretty much VC industry pejorative/derogatory jargon for "long term economically sustainable and ethical company" - as though any of that is a bad thing.