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VC want you to efficiently spend money. Grow. Raise more. Exit. Or die ASAP
by artembugara 6y ago
VC want you to efficiently spend money. Grow. Raise more. Exit. Or die ASAP
- madamelic 6y ago>VC want you to spend money. Grow. Raise more. Exit. Or die ASAP FTFY ;) Too many unprofitable / "pre-profit" companies have five figure monthly office rents for this to be untrue. Maybe I am biased but having heard and seen horror stories of founders losing their companies because of _having_ to raise money: no thanks. Bootstrap and if it doesn't hit ramen profitable, no biggie. If it does, go raise at favorable terms because you don't need their money.
- tjs8rj 6y agoInvestor money used responsibly can be a huge boon. The main benefit is speed and focus. Bootstrapping often means you need to do side jobs, and that faster experimentation can be cost prohibitive. That means raising, but living cheaply, is probably optimal. If you can get to a million ARR or die in 3 years instead of 8, take it.