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It is simple. Become profitable. That is what businesses were designed to do. Once you become profitable, you get lots of options. You can take Dividends aka sh
by bernardlunn 18y ago
It is simple. Become profitable. That is what businesses were designed to do. Once you become profitable, you get lots of options. You can take Dividends aka share of profits, sell to another firm, sell to Private Equity (OK, without cheap credit that game is over for a while), even go public when the time is right or in the right location (eg AIM in London). Think Buffet more than Soros. Something happened around 1995 when techies became traders. Build a great biz and forget about Mr. Market. If your current VC won't finance you to profitability, change your business model and if you cannot do that close shop and start again. Bernard Lunn (author of the article)