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Because that's just what tech startups do now: as long as you have a good "story", VCs throwing around their funny money left and right are easy to find. And on
by JohnWhigham 5y ago
Because that's just what tech startups do now: as long as you have a good "story", VCs throwing around their funny money left and right are easy to find. And once you're been tainted by it, you're forever fucked, locked into either going public or being bought out all the while needing to achieve hockey-stick growth. Organically grown tech companies are very few and far between.
The "old" boomer way of going to a bank with collateral to get a $750k loan is non-existent in tech. Not to mention, the bank is probably way more scrutinizing than VCs are (or just plain don't understand and will deny you).