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Given that you're enjoying what you're doing, you're making decent money, and you have a path to scale, personally I would (and did) do exactly the same as you.
by tempestn 4y ago
Given that you're enjoying what you're doing, you're making decent money, and you have a path to scale, personally I would (and did) do exactly the same as you. Once you take VC money you're in a completely different situation, where you need to grow fast to show them a return. Also, you need to grow much more to get the same return for yourself than you would if you just bootstrapped. If you want to become a billionaire (or hundred-millionaire), then yeah, you should take VC money. But if you just want to make a comfortable living and ultimately achieve financial freedom, I'm not even sure VC money improves your odds. And it definitely comes with a lot of added obligation and stress.
That said, I've never actually taken investment, so I can't speak from personal experience on that side.
- SideburnsOfDoom 4y ago> Once you take VC money you're in a completely different situation, where you need to grow fast to show them a return. This. The VC model is to turn the business into a gamble: grow huge, or die trying - "planet-scale growth or self-destruct". (The third outcome, "get acquired" is a wash) They an afford to lose that gamble the majority of the time, because the minority of big wins make up for it. They do it in parallel. But for the business owner, it's just one roll of the dice. A single shot at a time. You don't seem to want this gamble. Good for you. Tell them politely that this doesn't suit your plans at this time.