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by beat
4796 days ago
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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. |
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