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I don't see this as a strategy so much as just a natural consequence of the system. Most companies "fail" from a VC perspective; some percentage of those are st
by stickfigure 3y ago
I don't see this as a strategy so much as just a natural consequence of the system. Most companies "fail" from a VC perspective; some percentage of those are still profitable and keep the founders/employees engaged. Everyone wanted the hockey stick but they got something else. It's not fraud.
- tptacek 3y agoIt is if you assure your investors you plan to take risks to pursue hockey stick growth, but instead you intend to keep the money in the bank and putter along.
- morgante 3y agoRight. It's fine/expected if the "failure" comes in this category (though many investors would encourage you to simply repay them and move onto something with more growth potential). The unethical thing would be pitching a unicorn plan when the actual strategy is building something much smaller.