Re:Don't Take VC Funding – It Will Destroy Your Company
by mwcampbell on Sunday July 09, 2023 @12:01PM
(#36655623)
This seems to assume that the only reason to start a product company is because you want to gamble on the slim chance that you'll get rich. But what about starting a product company because there's a problem you believe really ought to be solved, and developing a commercial product is the best way to solve it? In that case, wouldn't it be prudent to avoid unnecessary risk?
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Re:Don't Take VC Funding – It Will Destroy Your Company
by tptacek on Sunday July 09, 2023 @12:19PM
(#36655792)
You'll still most likely fail! This is a really important part of why the VC math works the way it does. You can de-risk a product company by not trying to shoot for the moon, but it's an incremental derisking.