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by codegeek
1251 days ago
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I don't think any VC would back a startup to get to 2M in 10 years. They may do it as a nice gesture if they were failing anyway but no VC would want that outcome after a decade. One example: Gumroad. The investors were nice to let the founder keep going while they let him buy them out for like $1 or something. Today Gumroad is much bigger and decently successful company. Mailchimp was bootstrapped for many years with a service component. If they had raised VC money, they would have been forced to pivot or die early. |
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