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by graybolt
2804 days ago
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Hmm. It certainly exists for startups. I've been part of teams for many startups where the team is shitty, the idea is shitty, and the startup has no future, but they're able to get funded to the tune of $100k easily before they crash and burn. There are certainly no obligations attached to most VC money. Meanwhile, if I want to build something sustainable, even if I'm willing to give up a decent share of my company, and submit myself to oversight of how this money is spent and great terms for repayment or equity, I can't get anywhere. VCs aren't willing to consider a $XX MM market, only a $XXXX MM market. Even for a good team and a good idea, I've gotten nowhere. I'm totally willing to give up some double-digit percentage of a company, I'm just not willing to have to risk $100k if I want to start a company that requires $100k. |
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And you're saying you pitch decks to VCs that say the maximum value of the company can be double digit millions and then wonder why you aren't getting anywhere?