2 ms·
> The same for the "community for small-time entrepreneurs". Good for them. But if someone has the next Dropbox-potential idea, you better hand out with this c
by runako 3y ago
> The same for the "community for small-time entrepreneurs". Good for them. But if someone has the next Dropbox-potential idea, you better hand out with this crew here, than that crew there. Because that crew there will settle for mediocre, while this crew here will aim higher.
There's a third way. Don't take VC, but hustle and focus on excellence and growth.
If you need capital, realize there are other non-dilutive sources. Or that perhaps you can achieve similar results with far less money than a speedy VC-backed company.
Think: what if I were not <demographics statistically favored by VCs> and did not have access to VC? How would I grow this business?
Think: how would the Mailchimp founders ($12 B exit), or the SAS founders, or the Epic Systems founder have solved this problem? Think: am I even aware that many (most?) multi-millionaire tech founders did not raise VC?
Look to non-tech industries for inspiration; VC typically doesn't fund high-growth companies, like Spanx, that are not tech companies. Then get big anyway, on your own terms.
The dichotomy between VC or small-time is false.