Re:Valley VCs Sit on Cash, Forcing Startups to Dial Back Amb...
by tariqali34 on Wednesday March 09, 2016 @07:03PM
(#11256559)
Many of these businesses may make better sense as "non-profits", out to improve the welfare of the general community and funded purely by donations. I'm not sure whether donors would appreciate writing fat checks for programmers/managers/etc., but it's clear that a "hockey stick" growth could lead to a immediate path to monetization (if people know your name, you can capitalize on it when you're doing fundraising drives).
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Re:Valley VCs Sit on Cash, Forcing Startups to Dial Back Amb...
by cubano on Wednesday March 09, 2016 @07:45PM
(#11256723)
Are you kidding me?
Almost all VCs aren't interested in "non-profit" and "welfare of general community."
They want hockey-stick ROI and unicorns.
I know this may be the wrong forum to say this, but let's get real...VC are in it for the money, not to make a social impact, and the last thing most of them are interested in is playing welfare daddy to a bunch of tech nerds.