17 ms·
As an employee in a large, well funded RVC venture, I would say I feel considerably more secure about my position than I would be if I was in a MVC or possibly
by iigs 18y ago
As an employee in a large, well funded RVC venture, I would say I feel considerably more secure about my position than I would be if I was in a MVC or possibly even in the financial sector.
Our pockets are certainly no deeper than our (established) competitors, but having strategic investment from household names is certainly reassuring.
I'm not an investor (beyond my options in this company) but I'd say that "here's our burn rate" is a lot safer and easier to understand than "we've been loaning people imaginary money and it will all be ok, please don't ask how". Even if the IPO market sucks right now it's entirely possible for well funded companies to go lean, and then profitable, and then grow from there. In fact, that used to be the way most businesses grew.