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Well, there's values that differ by countries. I've seen a few old family run businesses being sold off to US VCs and things didnt turn out well often: - custo
by ce4 6y ago
Well, there's values that differ by countries. I've seen a few old family run businesses being sold off to US VCs and things didnt turn out well often:
- customers got screwed over
- same with employees
- quality "optimizations"
- financial engineering
- founder's longterm values abondoned for quarterly gains
Not taking VC cash is a more traditional take on things elsewhere.
- ce4 6y agoStuff like this: https://www.nytimes.com/interactive/2019/05/01/magazine/remington-guns-jobs-huntsville.html https://www.nytimes.com/interactive/2019/05/01/magazine/remi...
- sidlls 6y agoNot taking VC cash is a more traditional take on things here in the US, too. The VC cash/investment money chase is really only a thing in tech circles, and a few other niche areas. The vast majority of businesses simply build "organically" (and most die doing it).