I think dividends are interesting for certain classes of startups, particularly during downturns. In boom periods, VCs follow the "dumping" principle. Dump yo

I think dividends are interesting for certain classes of startups, particularly during downturns. In boom periods, VCs follow the "dumping" principle. Dump your product for free to as many users as possible to get market share and drown out competitors with a lessor war chest. In a downturn, there should be less of this and more opportunity for businesses to focus on traditional evolution; i.e. getting to profits. Perhaps we need a new class of VC to accomplish this. Invest in sizes more like an angel but with clear nearer-term profit agenda.