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Do you actually think VC money is predatory? I have a $1m MMR startup that I founded without any external funding - but mostly because I was naive to such stru
by irl_chad 5y ago
Do you actually think VC money is predatory?
I have a $1m MMR startup that I founded without any external funding - but mostly because I was naive to such structures existing at all. I would have saved years of struggling if I had an initial cash infusion of a few hundred thousand.
Idk about you, but I would trade 10% of my $1m MMR company for more free time during my early 20s.
- aaomidi 5y ago> Do you actually think VC money is predatory? Yes. But again, not a lot of options to avoid it as you said.
- encoderer 5y agoThere are tons of options. Like for example just build something and start selling it and make money. That's what I did. Millions others have too. You are on Hacker News, you are probably a hacker, you can just create assets out of thin air!
- splistud 5y agoIt is more predatory than simple business lending leading to making enough revenue to justify more private lending leading to forming a small public company. The only reason there is so much VC money in this industry is because there is little revenue in selling user data or eyeballs at small scale.