3 ms·
This article is technically correct about a lot of things, but it also feels like it’s over-thinking things. Yes if you take big VC investments, the purpose is
by burlesona 3y ago
This article is technically correct about a lot of things, but it also feels like it’s over-thinking things. Yes if you take big VC investments, the purpose is to grow a big company and sell it later, and at that point the deal really is “rocket ship or bust.” But there are also a lot of VCs who are happy to invest small amounts very early, don’t get control of the company, and would be happy to see you get profitable without taking any more investment — often these smallest investors are called “angels” but there are also firms that specialize in these kinds of investment.
It’s fine for the author to be all high and mighty about looking down on taking funding, but for most people bootstrapping isn’t practical or even possible, the business they want to run requires full-time focus and attention, and they don’t have the means to work for 2+ years without a paycheck. VC funding gives people like that a chance to try!