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Yup, VCs are desperate for founders to create VC-backable businesses. This video argues that if you want to be a trillion dollar company, you need VC funding.
by metacritic12 3y ago
Yup, VCs are desperate for founders to create VC-backable businesses.
This video argues that if you want to be a trillion dollar company, you need VC funding. But they don't emphasize aiming to be a trillion dollar company has a tiny (<1%) chance of succeeding, requiring certain lifestyles (investment chasing). It's not for people looking to build fun products, live a relatively wealthy (but not outrageous) lifestyle, etc.
It is literally for founders who want to go the biggest or go home. Think carefully if that is you.
- paulddraper 3y agoMore like a ~billion dollar company. The # of unicorn technology companies without venture funding is very small.
- metacritic12 3y agoFair -- to get to a billion dollar founder valuation, you need a VC, and even with a VC, the chances are less than 1 in 100.
- deleted 3y ago[deleted]