I think VCs are good for “gamble” companies where if you miss your medium term goals you can be happy chopping the assets up for parts. If it’s a business you

I think VCs are good for “gamble” companies where if you miss your medium term goals you can be happy chopping the assets up for parts. If it’s a business you want to see through to the end, through thick and thin, then you basically need your VC’s to be founder-level personal compatibility. Which narrows the available pool of money A LOT. You can also take VC if you can bootstrap through product market fit and only take money during the growth phase, and you can stop after one round. I.e. you are already profitable, you want to take debt to do capital expenditures, and you can turn off the CapEx and go back to profitability after you spend the VC money. Patreon seems to have gotten addicted to financing very early, which is a very weak position to negotiate from, and hampers your ability to make decisions that benefit the long term health of the company.