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Most VC would love it if they could be 100% gasoline. The common problems people usually generally arise from them having more fuel than there are fires to put
by efsavage 6y ago
Most VC would love it if they could be 100% gasoline. The common problems people usually generally arise from them having more fuel than there are fires to put it on.
- redisman 6y agoThe problem is if you're 100% gasoline then the founders would do well to just get a loan
- bpodgursky 6y agoHaving the right investors adds value in a way a bank holding a loan absolutely never will.
- redisman 6y agoBut if the company is using money as "100% gasoline" then they've got it figured out and don't need intros from the investors.
- ben-gy 6y agoCorrect - accelerant can be traded for “equity for lots of cash plus advice” or purchased “cash for advice” - I’m a big fan of bootstrapping to a financially stable state and having the option to take either route without the business being reliant on either - then again, in Australia we don’t have much choice anyway - venture capital and banks are both exceedingly conservative which perpetuates this approach more so than in other ecosystems with more funding liquidity.