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Or you know, just build a valuable company and VCs will line up to your door and you can tell them "I won't speak your language". This is how much I need for th
by ilrwbwrkhv 3y ago
Or you know, just build a valuable company and VCs will line up to your door and you can tell them "I won't speak your language". This is how much I need for this much as a normal investor would.
Midjourney is a great example. An actual valuable product which people pay to use without VC funding.
And companies like context.ai and the thousands of others which are exactly the same have to do this whole monkey dance for VCs.
- echelon 3y agoClose up YC then, because none of the companies that made it through YC ever went anywhere. Nothing ever needed help before blinding signal existed. Also MidJourney's founder presumably had lots of money from their previous venture-fueled business. Innovation capital is one thing, but it almost always needs financial capital to lubricate the growth.
- ilrwbwrkhv 3y agoYC was unique because it was helping nerds who would never start a company on their own, start one while protecting them from the VC leeches. YC is maybe the one unique case although these days I'm not sure of it's value as much.