Hacker News new | ask | show | jobs
by graybolt 2804 days ago
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.

2 comments

Expand quickly or crash and burn trying IS an obligation. Any startup would love to have years of no rush to try and figure out their business plan, but the most valuable commodities in the valley are time and patience, not money.

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?

> VCs aren't willing to consider a $XX MM market, only a $XXXX MM market.

You're missing the point again. VCs can't consider an $XX MM market because if they did then they wouldn't be practicing Venture Capital. Again, it's a very specific type of investing which is seeking very specific type of risks and returns.

What you're saying is the equivalent of saying: "I have a basketball team and none of these football players want to join me". Yes they're athletes, and they might even make good basketball players...but they're football players for a reason - they want to play football.