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> They advocate this strategy if you (plan to) take VC money. I understand that for some businesses accepting VC funding means more success than you could have
by benjamincburns 13y ago
> They advocate this strategy if you (plan to) take VC money.
I understand that for some businesses accepting VC funding means more success than you could have ultimately achieved on your own, or even success where you would have otherwise failed. But to be overly snarky and simplistic, if I wanted to put someone else's benefit ahead of my own I wouldn't have started a [for profit] business.
I say that because most businesses which follow this strategy won't just tank, they'll tank really hard [Edit: that's an assumption, of course, but is this incorrect?]. I wonder if anyone is tracking the impact of this?
Is there anything that says that VCs make less by advocating strategies which promote the success of their entire portfolio? Are there VCs out there that do this?