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by deltron3030
2343 days ago
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>Why is VC funding so down the rank compared to self funding, friends and family, angels and even debt? Mental health and emotional attachment I guess, working at a scale you're comfortable working at. The tools, frameworks etc. you prefer, and the community around those can all contribute to developer happiness. So if you optimize mainly for growth you might throw many things out of the window. I think the more developer you are as an entrepreneur the more you may want to stay within a scale that's comfortable for you. The VC way seems to be more suited for more marketing oriented entrepreneurs who may not even code and develop an emotional attachment towards their tools, their joy may come more from growth aspect, so basically the opposite of what a dev might want. |
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Actually this is completely wrong.
Investors at all stages from angel to VCs look for strong technical and product leadership from the founding team. Unless you have had a previous successful startup you will not get funding if you are some random executive with an MBA who doesn't know the technical details of the product.
And the reason a lot of entrepreneurs go the VC route is because you get money e.g. $2-5 million which allows you to set up a proper team and build a proper product without worrying about paying the bills. And because they want their product to be used by as many people as possible.