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Yes! I like this. One problem, from the VC's perspective, is that if the startup starts selling successfully, they may not NEED VC.
by spolsky 17y ago
Yes! I like this.
One problem, from the VC's perspective, is that if the startup starts selling successfully, they may not NEED VC.
- vaksel 17y agochances are...they don't if you spend the same amount of effort chasing paying customers, as you do chasing VCs, you'll be able to pay all your bills and then some with your revenue. And hey if you end up needing a ton of cash later, you'll have a much easier time finding VCs to invest in you, seeing as how you'll have some real data to back up your claims
- deleted 17y ago[deleted]
- jasonlbaptiste 17y agoA lot of people forget VC is a growth mechanism. It depends on someone's plans. Maybe you don't want to be a big 100 million dollar company that has to play the "VC Exit" game. Then sure, you don't need to raise money. You didn't at fog creek, and you're killing it. Some people like to play the "VC Exit" game and raise the money to grow a company to potentially become huge. Sure they could still grow with their own revenues, but a 6 million infusion will sure make it happen a lot faster. Most of this everyone already knows. Just a lot of entrepreneurs out there that want to raise money when a) they havent done the simple things they should have or b) for validation and because tEh Bl0gz instill this need to raise VC to succeed.