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by digitaltrees
2195 days ago
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Let’s see how long that lasts when follow-on financing doesn’t materialize and limited partners pull capital and give it to Unicorn.VC because their results are more “exciting”. I say this as a founder that prioritized profitability and outlasted many VC backed competitors and was sick of VCs telling me to increase burn and growth and ignoring my warning of the long term perspectives and risks. We decided not to take VC and are smaller but killing it. I am glad to see this perspective but it only lasts during a financial crisis then it’s right back to fetishized hyper growth. As far as I am concerned go ahead and keep your hyper growth VC dollars, I’ll buy your bankrupt portfolio company in a few years with our profit. As YC says, get to ramen profitability as early as possible and be a cockroach that will survive. |
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