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> For some reason, I bought into this premium that our > community puts on companies that produce gimmicky > technology and raise massive rounds without h
by jt2190 13y ago
> For some reason, I bought into this premium that our
> community puts on companies that produce gimmicky
> technology and raise massive rounds without having any
> real revenue streams. I got so caught up in this
> mentality that I was literally embarrassed to be working
> on a company that was making money in a less than sexy
> industry.
Anyone who is looking to take VC money needs to be able to convince investors that they'll have a 100M+ exit within seven to ten years. Investors who are looking to make these "long-shot" bets are not looking for solid companies with predictable growth like a lawn care business.
It's really important to understand the investor's point-of-view when considering a position at a VC-funded company, otherwise the company's behavior may seem irrational.
- rjf90 13y agoI'm guessing they aren't looking for companies like Uber and Handybook, you know because they're in predictable industries like taxi cabs and house cleaning...
- jt2190 13y agoMy phrasing was poor. I should have said "companies with predictable growth", not "predicable growth industries." I've edited my post.