Hacker News new | ask | show | jobs
by beat 4796 days ago
VCs don't necessarily care about profitability either. They're looking for a liquidity event - either M&A or IPO. Profitability is only useful insofar as it helps achieve the desired liquidity event at maximum valuation. More to the point, large investors cause a short-term growth focus, because they're looking for 5-20x returns over the course of a few years. But as others have said, do you want to be rich, or do you want to be king? If you want to make a great product and are willing to take your time to do it, don't take investor money any more than you must, so you aren't beholden to their interests - because "make a great product" isn't their interest.
1 comments

Very well put. I bootstrapped and provided all of the funding for my company. It was worth the slightly slower growth because it can follow my long term vision and not the short term vision of a VC who is looking for a quick return on their investment.