Re:Valley VCs Sit on Cash, Forcing Startups to Dial Back Amb...
by leesalminen on Wednesday March 09, 2016 @09:36PM
(#11257115)
Oh man, I am glad I don't have any VC-style investors. I've a 2 year old startup and can actually talk to my investors about why we want to experiment.
We're a 2-year-old startup that hasn't reached profitability yet. We asked when that might happen, and he said we actually don't want to do that. We asked why, and he said that as soon as we start making a profit our investors will immediately start focusing on it. They will ask why we're not leveraging our profit to the maximum, what can we do to grow revenue? Whereas as long as we're losing money we can continue to experiment.