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by erichocean
3580 days ago
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> A startup is a new business. It's not anything special. Your host, Y Combinator, strongly disagrees: http://www.paulgraham.com/growth.html First two sentences in the linked article: > A startup is a company designed to grow fast. Being newly founded does not in itself make a company a startup. |
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A successful startup in the eyes of VCs grows fast. It has to, so VCs have some hope of making a non-stupid return. Which is why we get all the drama around unicorns etc etc and more etc.
Does that mean that you, as a founder, have any obligation to play that game?
No. You. Do. Not.
If you choose not to, that's very much your choice. It gives you a number of advantages, including no loss of control over direction or everyday running, a very much lower danger of being fired from your own project, and a wider choice of potential investment sources when you've been running profitably for a while. (Are VCs the only money source in town? Not even close.)
And if you have a solid business model, it significantly raises your prospects of still having a business - and a job - when the unicorn hunter scene crashes and burns around you.
Which it inevitably will - possibly quite soon.
The disadvantage? If the business is seriously viable with many real customers and profits and such, you may to have to settle for being a multimillionaire instead of a billionaire.
Tough break.