[seizethecheese]

I’m a VC backed founder. The VCs will give you lots of advice, but generally are removed enough from the business that it’s obviously up to you to make final strategic decisions.

This story is remarkable in one sense: the founder removes all of his own agency from the story. The vast majority of initial financing rounds leave the founders in control of companies these days…

Finally, a VC backed company is always likely to die. If you want to run a nice, small SaaS, don’t take VC. Whether financing comes from a bank loan, an angel, private equity or VC, one job of entrepreneurs is to align incentives with capital sources.

[xwdv]

A nice small SaaS will also almost always die quick.

IMO, it is foolish to hinge the decision of taking VC money or not based on potential lifespan alone.

VC money could kill your startup quickly, but you could potentially make a lot of stable money in that short period of time, and end up better off than collecting smaller profit from your small SaaS that lives for a longer period of time.

And yea most of the time you are reinvesting profits but you should hopefully be paying yourself too along the way. Not to mention you are also paying a lot of other people as well and creating value for them.

Ultimately VC money isn’t destroyed, it’s just reabsorbed into a wider economy.

[Kinrany]

Money is never destroyed unless you literally destroy it physically.

[AmIDev]

Even that should be equivalent to distributing throughout the economy. If you burn 100 units of money, you are decreasing it's supply, increasing it's value by a tiny bit.

[faangiq]

He’s a standard FAANG manager. Failing on upppp …