Re:WeWork sells Meetup
by bcrosby95 on Monday March 30, 2020 @03:57PM
(#22731680)
The question isn't about effectively maximizing something. It's about whether they can turn a healthy profit. And in my experience you can, if you build the company and product correctly. But if you have VC money you won't because you can't be happy with tens of millions of profit with VC funding.
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VC money can win a market and make everyone rich. You just need to be aligned with the goals. Making a little bit of money isn't the goal. It's all of nothing if you stumble there might be a pivot. You agree not to stop until it dies, you die or you hit 2 years and growth doesn't look like a hockey stick and they take it away.