> One of the articles of faith in this industry is that good startups get investment and succeed, while bad ones fail. Is it? I thought it was that startups wi

> One of the articles of faith in this industry is that good startups get investment and succeed, while bad ones fail. Is it? I thought it was that startups with exciting books and good networks get a chance to ratchet into the next round of funding. Great startups drown all the time for not being a VC rocketship, when they they could have grow into a perfectly successful cruiseliner under traditional fundraising or bootstrapping. If investors are “nah pass”, it’s more about making a quick decision about near-term finance opportunities than the mid-term or long-term strength of the underlying business. VC investors inherently care more about 10x exits than sound business practices.