3 ms·
Companies that don't pay their bills, fail. A VC is only needed as a big lump of cash when that rule is broken very early on. Any group can focus on generatin
by seclorum 15y ago
Companies that don't pay their bills, fail. A VC is only needed as a big lump of cash when that rule is broken very early on.
Any group can focus on generating profit from their ability to work well together and deliver to the world something that is truly needed and wanted. A group that pays its bills forward and productively pushes its ability to generate revenues, no matter if consisting of two people or many, many more, has to manage this fact.
VC as an 'injection combustible' is definitely of value in markets, but I propose that the group dynamic as defined by the individuals actively contributing to the survival of the company is too often over-managed before this reality sinks in. An executive team who have worked together to do big things in the past is really, sort of, a step above 'need outside help or else we are toast' levels of competence.