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The comparison shouldn't be VC-backed founders, but all founders including those who weren't able to fund their company and therefore failed. Getting VC fundin
by diebeforei485 4y ago
The comparison shouldn't be VC-backed founders, but all founders including those who weren't able to fund their company and therefore failed.
Getting VC funding is a significant filter.
- hef19898 4y agoIf making sunsets and co. showed us something, it is that nepotism makes VC money access a lot easier.
- diebeforei485 4y agoBeing born into a lot of wealth and "bootstrapping" a company is infinitely easier than raising funds from a VC.
- bryanlarsen 4y agoBut in my experience those who got VC funding failed at a higher rate than those that didn't. A far better filter is "do you have enough revenue that you can afford to hire employees." Self-funded entrepreneurs pass that filter, whereas VC funded ones usually don't. The article is about employees so we don't care about the entrepreneurs that fail before they hire anybody.