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I foresee a post-crash wave. Yes there will be a shakeout of unprofitable ideas. But "VC unprofitable" is not directly comparable to real world unprofitable. Gr
by Fordec 7y ago
I foresee a post-crash wave. Yes there will be a shakeout of unprofitable ideas. But "VC unprofitable" is not directly comparable to real world unprofitable. Growth at all costs mantras take down good ideas with 8-9 figure market caps too. If you don't take investment (maybe through debt + bootstrapping) and can deal with the slower growth rate $50M "lifestyle" businesses with full founder ownership isn't something to sneeze at.
- rossdavidh 7y agoThere are definitely cases of a potentially profitable X-size startup being killed by taking 100*X in VC money, and then trying to find some way of justifying that pricetag.