News for hackers. Stuff that matters.

A comment on Atlassian is 20 years old and unprofitable. Parent comment

Re:Atlassian is 20 years old and unprofitable by avisser on Thursday June 30, 2022 @11:01AM (#31933258)
Seems like he meant "It's bad for me (the VC) to be profitable when you're growing"
[ Parent | on HN ]
Re:Atlassian is 20 years old and unprofitable by gnicholas on Thursday June 30, 2022 @12:38PM (#31935055)
Bingo. The VC wants the grand slam that returns the entire fund. He'd rather have an x% chance of a grand slam than a 3x% chance of a double/triple. Founders have a very different calculus because their risk isn't spread across a portfolio of companies.
[ Parent | on HN ]