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He could use those funds to fund another product. Venture capital can be absolutely horrendous in some areas, and you're stuck with either 1) Go to the bank a
by TrackerFF 7y ago
He could use those funds to fund another product.
Venture capital can be absolutely horrendous in some areas, and you're stuck with either
1) Go to the bank and get a normal business loan
2) VC peanuts with terrible conditions
3) Work hard and save up money, get co-founders and pool your money.
Not saying that it's not like that in tech-hubs, but I'm in one of the most expensive countries in the world, and our VC community is so underdeveloped that it's shameful.
(Also, I see the author is located in Southern Asia, so that's probably a nice payout.)