Re:Before Growth
by tim333 on Friday January 15, 2016 @10:09PM
(#10914041)
>for any startup with VC money plans, the primary goal is not building a good product, but convincing VCs they're building a good product
I'm not sure that's true. For angel investors maybe but come VC time most companies already have traction and the VC money is to go from $10m value to $1bn. If the product's bad the founders get wiped out so it's not so helpful.
I'm not sure that's true. For angel investors maybe but come VC time most companies already have traction and the VC money is to go from $10m value to $1bn. If the product's bad the founders get wiped out so it's not so helpful.