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by imprettycool
2267 days ago
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I wouldn't say it's mindless. Organic growth is okay for a lifestyle business, but if you want to compete with Google/FB/etc you need fast growth (or a really fucking good business plan). If you want fast growth then you need capital that you're okay with pissing away. You can front all that capital yourself if you're rich (e.g. Gabe Newell's M$ money going into Valve) or you go the VC route. VC route is simply less risky. Less chance of competition beating you to the punch, and no chance of losing all your money. At least that's my understanding. |
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