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> It says that the company couldn't figure out how to grow without bringing in a bunch of financiers That is completely false. The most common reason companies
by jamiequint 15y ago
> It says that the company couldn't figure out how to grow without bringing in a bunch of financiers
That is completely false. The most common reason companies raise VC money is so they can grow at a faster rate than they could without funding. If you have a business where X dollars invested in customer acquisition equals X+Y dollars in revenue but your revenue lags your customer acquisition by 6-12 months then you should go raise all the money possible given the size of the opportunity you are pursuing. Focusing on near-term profitability is not always the right decision.