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VCs are not the only game in town, so don't let their needs limit your imagination! It's important to understand that while tech-obsessed founders, like most o
by edanm 6y ago
VCs are not the only game in town, so don't let their needs limit your imagination!
It's important to understand that while tech-obsessed founders, like most of the people found in Hacker News, usually think of tech-startups and VC being almost synonymous with entrepreneurship, that's not at all true.
Lots of people all around the world consider themselves (and are!) entrepreneurs, without necessarily building innovative tech or seeking VC-like growth prospects.
E.g. the corner restaurant you ate at last week? Opened by an entrepreneur. That barbershop that cut your hair? Same. Even much bigger ideas fit in this category - the software that runs the local gym? Possibly a VC-backed startup, but also possibly just a relatively small company focused on a small market, not aiming for sky-high valuations but quietly churning out millions in income.
These kinds of businesses have existed for long before VCs, and it's entirely possible to get funding for them the "traditional" way, e.g. raising a friends-and-family round, getting money from a bank, self-financing, charging customers from day one, etc.