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A good example of why the status quo of VC funding companies is essentially wrong IMO. This year we have stories about startups getting massive amount of VC fun
by newguy1234 7y ago
A good example of why the status quo of VC funding companies is essentially wrong IMO. This year we have stories about startups getting massive amount of VC funding and turn into a flop (wework) and then we have this company which got $0 funding and became a success.
- ardy42 7y ago> A good example of why the status quo of VC funding companies is essentially wrong IMO. This year we have stories about startups getting massive amount of VC funding and turn into a flop (wework) and then we have this company which got $0 funding and became a success. From what I understand, the VC funding model is toxic for sustainable, profitable businesses that successfully sell products in some niche. VCs either want your business to have a 0.1% chance of being the next Facebook or be something that a FAANG might want to buy out, and if your business isn't one of those things, they'll make you "pivot" and turn it into one. JetBrains is a good example of the kind of technology companies we need more of.