4 ms·
Sigh, another article that celebrates funding as some type of success. It isn't. What matters is what they do with that money.
by fourspace 15y ago
Sigh, another article that celebrates funding as some type of success. It isn't. What matters is what they do with that money.
- pg 15y agoWhat in the article celebrates funding as success?
- fourspace 15y agoI admit, my post was an overreaction. My concern, and the reason I've stopped reading TC, was that we're in a culture that celebrates VC funding as some sort of business success. It's a milestone, but it's not success (in my eyes, anyway). Real success, which Dropbox certainly has reached, is when you build a sustainable company where your customers pay you for providing value, not investors. Investors eventually want their money back. That said, my comments were definitely not targeted at Dropbox and I applaud that team for building a great product and providing great value.
- alain94040 15y agoFair enough. But funding is one of the few publicly visible milestones that a startup can achieve. One could argue that it's almost a proxy for success. Either that or we should all get excited with a press release from Dropbox saying they reached 10 million users. But that doesn't excite geeks (do you care if Apple sold 20 million iPhones this month? No, you care about the iPhone 5).
- fourspace 15y agoI absolutely would get excited for Dropbox saying they reached 10 million paying users. =)
- davidu 15y agoThe article isn't celebrating success. But perhaps it should be. Building a great company where the success you have achieved thus far is recognized in the form of a favorable valuation which increases shareholder value (which includes all the hardworking employees) and adds capital to the enterprise is certainly a positive milestone worth recognizing.