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No one disputes that the success rate of VC funded companies is low, but I'd like DHH to propose an alternative model of funding that creates a world changing c
by revorad 15y ago
No one disputes that the success rate of VC funded companies is low, but I'd like DHH to propose an alternative model of funding that creates a world changing company like Google, Amazon, Apple, Facebook, Twitter with a better success rate.
- ryanwaggoner 15y agoNot to mention Microsoft, Craigslist, Broadcom, Godaddy, SAS, Dell, Siebel, Oracle, Cisco, Github, Zoho, Atlassian, Mailchimp, and more. Oh wait...those were all started and built to very significant revenues without VC (at least not until they were already large and successful). And that's just in the tech industry.
- revorad 15y agoSome of those I didn't know aren't VC funded, so thanks for educating me. But I wouldn't put Zoho, Atlassian, Mailchimp in the same bucket as Google.
- ryanwaggoner 15y agoThat's true, they do give a shit about their users.