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VC money. VC money gambles on big wins. They'd rather have a huge blow-out than a small success. So you take VC money, they want you to grow. They care about th
by moomin 3y ago
VC money. VC money gambles on big wins. They'd rather have a huge blow-out than a small success. So you take VC money, they want you to grow. They care about that more than making a profit. For a long time. Then, when you are huge, then they want money.
This sometimes works, sometimes doesn't. But Google and Facebook started out without a profitability plan.