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At a smart business, you work for your customers. If you're at a company that works for your investors, you're going to have this problem over and over again. I
by danjl 1y ago
At a smart business, you work for your customers. If you're at a company that works for your investors, you're going to have this problem over and over again. In fact, you might as well give up on the idea of planning and decision making based on what would be best for the product and your customers.
- ElevenLathe 1y agoI agree, having a boss sucks. Unfortunately raising investment from other people is not a way to escape it. Note that starting a business with your own capital is not a way to escape it either, since you still have to answer to customers.
- ryandrake 1y agoDifference is that customers are not (in general) asking to bolt AI onto everything, but investors are.
- TheNewsIsHere 1y agoI think that’s an advantage.
- lenerdenator 1y ago> At a smart business, you work for your customers. Well, then you're bound to the amount of money customers can give you. It's usually less than a VC partner with a god complex can give you.
- TheNewsIsHere 1y ago> Well, then you're bound to the amount of money customers can give you. You’re _always_ bound by what the customer is willing to pay. Speaking more expansively, it’s just a proxy for whether the market will bear your prices/wants your product, and whether you are in the right place and/or positioning your product correctly. VCs just add a temporary runway so you don’t have to be as concerned about that.
- lenerdenator 1y agoThe market can be twisted to bear more through VCs. Uber's a great example.