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This is such an old and tiresome argument. First, just because you made it work, doesn’t mean that applies to everyone. Congrats on your success, but let’s not
by whall6 5y ago
This is such an old and tiresome argument.
First, just because you made it work, doesn’t mean that applies to everyone. Congrats on your success, but let’s not generalize with one data point.
Second, what about marketing costs? What about a first-mover advantage and staffing up to win that advantage? What if you want to tap into a network (YC, tech stars, etc.)? What if you really value the good feeling of being validated by having a round of financing? What if bu raising capital you get attention that kickstarts your business that otherwise wouldn’t have come?
- tfang17 5y agoNot making the argument that VC is bad across the board - companies that require a large amount of startup capital (fintech, space, deep tech) wouldn't exist without VC funding. We've actually grown entirely through word of mouth. 0 ad spend after 2 years. We also happen to be a late entrant to the market. Companies like Swagbucks have been around since 2008.
- hluska 5y agoI don’t catch how a founder sharing success is an old and tiresome argument. Rather, it’s a common path that many founders have had incredible success with. There’s no particular reason to raise money just as there’s no particular reason to bootstrap. Good founders found successful companies using the most appropriate tools. In this case, you just accused someone successful of an old and tiresome argument. That’s unhelpful at best.
- Kranar 5y agoTiresome? It's hardly ever discussed on this site.
- omgwtfbbq 5y ago>First, just because you made it work, doesn’t mean that applies to everyone. Congrats on your success, but let’s not generalize with one data point. This is bizarre because I think most reasonable people would make an identical argument against taking VC money.. >Second, what about marketing costs? What about a first-mover advantage and staffing up to win that advantage? What if you want to tap into a network (YC, tech stars, etc.)? What if you really value the good feeling of being validated by having a round of financing? What if bu raising capital you get attention that kickstarts your business that otherwise wouldn’t have come? If you are profitable and growing according to plan then none of these are good reasons at all to accept VC money..