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Completely disagree. It's like saying, if you are building the next google (early days) you can still easily get cash. Sure but not as much as say 6 months ag
by boringg 4y ago
Completely disagree.
It's like saying, if you are building the next google (early days) you can still easily get cash. Sure but not as much as say 6 months ago. It isn't easier than any time in the last decade - 6 months ago people didn't even do due diligence before the wrote massive checks.
edited: for politeness as per comment.
- infamouscow 4y agoMaybe it's a signal-to-noise thing. Companies that have been growing sustainably and building innovative technology that reduces costs 10x (in a recession) get a lot of attention. Especially if they are turning a profit without any accounting tricks. Companies that were never going to be profitable are having problems raising money now and sounding the horns. There are a lot of those companies, especially on HN, but please don't categorically dismiss my experience as a fantasy.
- boringg 4y agoStill doesn't resonate and unfortunately I will point that your experience does not represent the broader market. Just because you (assumptions made on your comment about personal experience) made a fast round doesn't mean that the market is easier or better for raising - it probably means you found product-fit/sold it better or some other kind of micro strategy benefit. My comment is and still stands: if you are making something truly amazing then you will almost always find investors (which isn't a good metric). If you were making something amazing 6 months ago you would have gotten more money on more favorable terms. This market isn't easier or friendly at all - investor appetites have changed.
- ghaff 4y agoSee VMware during the dot-com bust.
- hluska 4y agoThere’s no need to be that aggressive.