Re:I am done. I give up
by fragmede on Friday December 23, 2022 @06:18AM
(#34104590)
Even with VC money, running a business is hard. Just look at all the VC-funded startups that go bust! The term lifestyle business is useful because it frames and contrasts a VC-funded business that must have explosive growth and then IPO or be bought out or else die, and a business that's fine just existing with no need to take over the world, ever. A lifestyle business is one that can be trusted because it didn't take VC funding; it doesn't have the dying need to sell out to Apple or Amazon or Google or Microsoft or Adobe or IPO.
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I think they meant was that if one of these VC backed lifestyle businesses fails, the CxO guys running the show just shrug and go sink an other one, who cares.
VC-backed is mutually exclusive with being a lifestyle business. I could see if they just generically said rich, because yeah it's easier to be rich than poor in this world, but that's not what they said.