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Everyone else has thoroughly covered the sunk costs and salary perspectives. One thing I noticed in your post that I would strongly caution against: reading to
by argonaut 13y ago
Everyone else has thoroughly covered the sunk costs and salary perspectives.
One thing I noticed in your post that I would strongly caution against: reading too much into VC rejection. I think you're placing too much faith into the VC's arguments and are being a little too sensitive to rejection. VC's are routinely wrong or misguided, and the vast majority of VCs do not deliver returns beyond that of the broader stock market.
- reeses 13y agoOur first VC meetings were practice runs and a source of free high-value consulting. The very first one couldn't understand our product, so we knew we needed to edit. The second was excited but said we were in a great position to bootstrap. The third agreed and had some great suggestions that we took to heart. We didn't need money at the time so it was not the same as your situation, but VC will often just not click with a company. It is actually a lot like dating in that they are trying to read the people and what they're saying and projecting it out over the course of the relationship. They all came back, unsolicited, in 9 to 16 months, but by then we had reached a point where we were cash-flow positive and working with pilot customers to refine the product for launch. VC will rarely say no directly because things can change at any time. NB: This is Silly Valley, where VC are thick on the ground.