Re:Don't Take VC Funding – It Will Destroy Your Company
by noobermin on Sunday July 09, 2023 @02:34PM
(#36657446)
The article is specifically about this value judgement. If you do not value making a profit as a company you have to find value in something else. Which is fine, different things motivate different people and should, but at least be clear that it is fundamentally a values conversation.
Re:Don't Take VC Funding – It Will Destroy Your Company
by DeathArrow on Sunday July 09, 2023 @04:08PM
(#36658364)
Businesses are about profit not values. An NGO is a better vehicle for pushing values than a business.
Re:Don't Take VC Funding – It Will Destroy Your Company
by thatguymike on Monday July 10, 2023 @01:03AM
(#36662329)
Disagree, it’s often best to leverage the profit motive as a tool for achieving your values-based mission, and companies are usually the best way to do that.
Companies scale up more effectively than NGOs, attract investment much more easily, and can undertake a wider array of activities to achieve their mission. Then there’s C-corps etc if you want to make it explicit.
I'd wonder if taking VC money five times, failing 4 times and building a large and growing company 1 time, isn't better than bootstrapping a small and profitable company just 1 time.