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Re:Reflecting on My Failure to Build a Billion-Dollar Compan... by nextaccountic on Wednesday August 09, 2023 @07:58AM (#37061336)
Failing a VC-funded startup is an expected outcome (statistically). What difference does it make whether the founder ended with nothing (the typical scenario) vs. a lifestyle business? VCs get nothing either way.

VCs aren't screwed because they already accounted for the risk of failure. That's kind of their job.

Re:Reflecting on My Failure to Build a Billion-Dollar Compan... by HWR_14 on Wednesday August 09, 2023 @12:47PM (#37065373)
Incentive alignment.

Target smashes damaged goods instead of selling them at a discount so employees or customers don't purposefully cosmetically damage things they want to buy.

If the failure state of a business is "the founder can buy it for pennies and try to make something of it", then why wouldn't all lifestyle businesses pitch themselves as VC-backed growth businesses and then use up all that money and settle as a lifestyle business?