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by carlosjobim
482 days ago
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> The investors would want a return on their investment soon Investors have no say on how the company is run at this stage and frankly no right to anything from Kagi until they get a company valuation from selling actual shares. That's how SAFE notes work. And the founder will probably still have more shares than all VC investors combined after that. Also, literally everything you use in daily life is made by companies who have investor backing. They are people, just like you. Some are greedy without limit just like most people, some just want to invest in quality companies with healthy business models. That's a proven concept for long-term returns. |
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> Investors would want a return on their investment soon.
This doesn't change the fact that Kagi is funded by VCs and the product will become a victim to product decay or "enshittification".
> Also, literally everything you use in daily life is made by companies who have investor backing.
Uh, No?
There are many 100% bootstrapped companies that don't succumb to this and are funded by just making money, even I have one.