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"Profit as the only measure of success is how we ended up in this hell world. You're welcome to only care about that, but I prefer to imagine and work toward be
by rvnx 7y ago
"Profit as the only measure of success is how we ended up in this hell world. You're welcome to only care about that, but I prefer to imagine and work toward better futures."
No, profit is not the cause of hell. Debt is, it's a modern-form of slavery.
When you accept VCs money, the reality (if you play by the rules), is that you agree to give your most precious ressource (time and energy) to pay back your debt.
It may pay off, or may not, but you have to be very aware of your choices.
- scarface74 7y agoVC funding is worse than debt if you care about your business. When you borrow money, the lender doesn’t own a stake in your business. You just have to pay them back at their agreed upon terms. Theoretically you could “buy back” your equity but with the type of returns and want it’s almost impossible. Taking VC money is like taking a payday loan.