[maccard]

> why was it time for this? Practically, the answer is right there: the VCs wouldn't accept a mere rapidly-growing company with great tech.

Remember that this is a decision you make when you accept the seed money, not when it comes to looking for further money. If you want to build a profitable growing company, bc funding is not the path to that.

[satvikpendem]

Depends, if you have a majority on the board you can do whatever you want. Some companies get a seed round to then use that to bootstrap to profitability and growth over time.