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Good for you and thank you for the inspiration. I've been an entrepreneur since I was a teen in the early Oughts before this latest "startup fad" began. It's
by cylinder 12y ago
Good for you and thank you for the inspiration.
I've been an entrepreneur since I was a teen in the early Oughts before this latest "startup fad" began.
It's disheartening, really, to see all these nonsense startups run by people with little to no business acumen raising millions, just because they look and talk the part or have the right connections. Go and browse AngelList, there is some real garbage on there with $5M+ in funding.
This funding is creating distortions in the market and allowing shitty companies to stay alive and crowd the marketplace because they've got a war chest.
True business-people absolutely hate to give away even a small piece of their business unless they have to. Real business-people want to make money (profit) rapidly! These cashed up startups seem to have no interest in that. It's just about the next round of millions so they can brag about their "valuation." Everyone needs to struggle when they build their first businesses, not pay themselves six-figure salaries at 25 yrs old with their investor dollars until the cash runs out.
These are software companies we're talking about, they have very little capital requirements to enter the market. These are not airlines or skyscraper builders.
(Of course there are a lot of brilliant innovative startups active right now and they need money for some runway. At this point they are in the minority. There's a lot of rif-raff out there)
- themartorana 12y agoThanks! There have certainly been times where I could absolutely see how a cash infusion could help us grow more rapidly, hop on certain market trends faster, and so on. But the cost of that capital is high. Who knows. We could always end up going out of business and kicking ourselves for not going an alternate route. That's owning a business. 10% utter joy, 90% sheer terror. :)