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I hope I don't sound rude, but... It seems you got lucky! You raised all this money without having the courage to do something simple, like talking with the pe
by null_investor 2y ago
I hope I don't sound rude, but...
It seems you got lucky! You raised all this money without having the courage to do something simple, like talking with the people who footed the bill and your cofounder. How's that even possible?
You don't have an obligation to your team or anybody. Imagine if, instead, you make them waste a few years with you when you no longer believe in this business. This is much worse.
In my view, you must be transparent with everybody. If you keep running it, you are no different from Adam Neumann. If I had invested in your company, and you'd keep wasting my money as you no longer believe in it, I'd sincerely believe you are a conman.
ps: I'm still curious why VCs haven't kicked you out. 3,5 years and no revenue. This looks like fanfiction to me. Don't give me those Figma examples; you aren't building Figma.
- shrimp_emoji 2y agoThey're making digital infrastructure that other startups those VCs fund will be able to use, maaan.
- null_investor 2y agoIt's hilarious, I can't even... only happens in America. Get $10m and no pressure for revenues
- richard___ 2y agoBros jealous
- shrimp_emoji 2y agoUsername checks out Consider this: Uber loses `x` per year but somehow synergizes with (i.e., provides services for) another startup that gains `2x` per year. That's a net of `x` per year for the investors! And your observation that you need money to make money is correct. That's why it's traditionally an American thing -- lots of that around.