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You can only comfortably say that if all of your co-investors are on board (or you have none - unlikely in Google’s case) and if you will never need to raise an
by fisherjeff 3y ago
You can only comfortably say that if all of your co-investors are on board (or you have none - unlikely in Google’s case) and if you will never need to raise any additional capital for any reason. It’s very difficult to run a modern business, especially in tech, without being beholden to anyone.
- Spivak 3y agoAll true, although in some cases you can avoid the "need to raise capital problem" by using normal business loans rather than selling ownership stake. You still need to grow to pay back the loan but you don't have the problem of new investors with their hands in the pot making demands.
- fisherjeff 3y agoYes, but even then there’s a good chance your bank will impose covenants on you that are not necessarily aligned with your own goals.