4 ms·
If you can outlive the capital returns cycle (10 years is the standard for VC), you'll beat all but the 1-2% of the investor-funded competitors that eventually
by gen220 3y ago
If you can outlive the capital returns cycle (10 years is the standard for VC), you'll beat all but the 1-2% of the investor-funded competitors that eventually develop into self-sufficient, "going concern" businesses.
Obviously, this means you have to be continuously profitable, not take on outside capital yourself, operate lean, and be willing to work on the same project for 8+ years.
May people "can" do it, I think, but it requires a lot more patience and determination than the alternative, so few do.
- bob1029 3y agoWe've been at it for over a decade now. For the first time ever, we will turn a profit next year. We almost gave up many times. There is no way anyone involved today would walk away at this point. It feels to me like that part of the casual StarCraft match wherein we are about to warp our cloaked carrier fleet into the enemy base without any prior detection or hope for recourse. Quitting the game now would be absolutely insane.