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If you're a year old and earning a million in profits you should be looking at a larger (VC) round. Or none at all.
by ojbyrne 17y ago
If you're a year old and earning a million in profits you should be looking at a larger (VC) round.
Or none at all.
- staunch 17y agoIf only there was some sort of organization dedicated to helping young companies mature and raise VC money...
- jacoblyles 17y agoIf you're earning a million in profits, then why do you need additional investment? You're wildly successful with your current capital structure.
- ojbyrne 17y agoMy point was that you have a choice. If you're so wildly successful that you think you can be the next google, then you can go for VC money to finance even faster growth. Or you can forego funding completely, but you're probably settling for a slower growth rate then.
- jacoblyles 17y agoWhat does a 1yr old software company need that it can't buy with $1 million of cap-ex?