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The money quote - These investors, including myself, know what you don’t, and they are not telling you. The minute you ask for money, you are playing in th
by dmk23 14y ago
The money quote -
These investors, including myself, know what you don’t, and they are not telling
you. The minute you ask for money, you are playing in their game, they aren’t
playing in yours. You are at a huge disadvantage, and it’s only going to get
worse if you take their money. The minute you take money, the leverage completely
flips to the investor. They control the destiny of your dreams, not you.
- sayemm 14y agoBut if you've done all the hard work of building your business, proving your market, and crushing revenues or hitting profitability, then talking to investors becomes more like a partnership discussion than it does one where you're a poor, starving founder begging for money (you bring zero value to the table). Github is my favorite example. They bootstrapped themselves all the way through, and in the process, they maintained their own identity and culture, built a great product and killer team, and were minting $$$. Then when the right time came for them to scale up to the enterprise and move fast, they decided to take VC money.