2 ms·
Right so I totally get that. I am not against raising money when there is a clear understanding that $10 is getting me $20 in revenue so lets put a dump truck t
by ilrwbwrkhv 5y ago
Right so I totally get that. I am not against raising money when there is a clear understanding that $10 is getting me $20 in revenue so lets put a dump truck this side of the pipe and blast off.
What I fail to understand is, for a lot of companies, they haven't achieved that but are raising a lot of money and showing that off as their only achievement. It should be little shameful to raise money and sell part of the company before even building a sustainable business.
- s1artibartfast 5y ago>It should be little shameful to raise money and sell part of the company before even building a sustainable business. why? VCs generally aren't interested in buying part of a currently sustainable business. They want a company that will be vastly more profitable in the future. Companies with no current revenue or sustainability have infinitely more room for growth.
- danielmarkbruce 5y agoI think if you were selling part of the company to grandmas and grandpas who were using their life savings, yeah, shame. By and large the people investing are wealthy, greedy (and I don't mean that in a bad way), savvy people. They want to get in early at a good price before it's certain, and hit a 100x on it.