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Yeah, VCs don't, that is obvious. But why are founders so willing to give up control for a small chance on a payout ... that's where I want to tackle that. Bu
by johannes1234321 3y ago
Yeah, VCs don't, that is obvious. But why are founders so willing to give up control for a small chance on a payout ... that's where I want to tackle that.
But I guess it's the same reason people participate in a lottery - the small chance of winning big is a bigger thrill than a boring investment.
- JohnFen 3y agoI think it goes to why a person is starting a business to begin with. Lots of people do it as you say, as a kind of lottery ticket. Their goal is purely monetary, and maximizing the return is the only thing that is important. Others start businesses because they believe in the product or service and the value it can bring to people. Making money is important because it allows that to happen, but isn't the primary goal. Personally, I'm not going to say one sort is better than the other in some absolute sense, but my personality falls more into the latter camp. I have no interest in making money just to make money. I am interested in doing cool things, and need money to do them.