4 ms·
Except of course that most historical businesses outside of the mobile/social circle jerk have been started by people who had families.The take-home point here
by Choronzon 13y ago
Except of course that most historical businesses outside of the mobile/social circle jerk have been started by people who had families.The take-home point here is you wont get funding unless you new VC owners can be sure of exclusivity on your life.
The problem with valley funding is its basically reliant on the tails of the distribution,without massive IPOs buoyed by hundreds of millions of users(not revenue!) it is not profitable.The truth is there is a lot of opportunity for businesses which dont go webscale.
Here is an idea,find a business as a consultant which has an opportunity in a growth industry (They still exist in a recession). Deliver your projects,go to meetups and parties. Take on larger projects from your customer and get some staff. Then look for new customers,building a business which has revenue in the low millions becomes possible and they if you want "webscale" you can bootstrap it yourself.The return on this business would be a joke to a VC but to you would be life changing.