[nemothekid]

>so breaking even is bad all of a sudden... and who needs a return greater than 0-1x when everyone's getting paid and you have a little on the side for emergencies?

I can give you $1M and in 6 years you give me $1M. Or I can put $1M in S&P500 and get back 2 million.

VCs aren’t just good guys who just like entrepreneurs. It’s an investment vehicle that competes with other investment vehicles. Anything less than a 3x return is “I went through a lot when I could have just put my money in SPY and slept soundly”

I think the most important thing a founder can learn before taking VC is understanding their business model.