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> Until recently the main thing you needed to be good at is getting more VC money It's always better to be getting money by selling to customers. It's amazing
by indymike 3y ago
> Until recently the main thing you needed to be good at is getting more VC money
It's always better to be getting money by selling to customers. It's amazing how well that works and how much less capital you need to grow.
- marcinzm 3y agoIf your goal is to make a lot of money (not just some money) then using VC money to get there is a very reasonable play. Just siphoning some money from later rounds could give you tens of millions. You don't even need to succeed after that as a business. The goal for many founders isn't to run a long term business but to make money.
- indymike 3y ago> You don't even need to succeed after that as a business. The goal for many founders isn't to run a long term business but to make money. Getting a big exit is my goal as a founder. Investor capital is spent to get to that exit. People who have the goal of making money off investors make self-enriching, bad for the company decisions.