3 ms·
If you're doing a true startup (meaning a company designed to grow fast, not a consulting company or a niche product company), it's usually a good idea to take
by pg 17y ago
If you're doing a true startup (meaning a company designed to grow fast, not a consulting company or a niche product company), it's usually a good idea to take investor money. The most basic reason is that it lets you grow faster. Some investors also supply expertise and connections you couldn't buy.
Some times tend to be better to raise money than others. You might not want to raise money when (a) you're in the middle of a big project, or (b) you can't get decent terms.
- noodle 17y agowhere do you draw the line on niche companies in the definition of a "true startup"? seems like YC has invested in quite a few niche-specific companies. just curious, don't mean to threadjack too badly or nitpick.
- pg 17y agoMarket size, basically. A company making software for, say, cataloguing butterfly collections wouldn't be a startup.