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A comment on My $0->$100M->$0 in 5 years story.

Re:My $0->$100M->$0 in 5 years story by laurent123456 on Saturday August 12, 2023 @03:05PM (#37103202)
It was making 7 figures and now it's worth $0? If the investments from VC didn't lead to anything, wouldn't the company still make 7 figures anyway and shouldn't it be possible to continue as it is?
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Re:My $0->$100M->$0 in 5 years story by swyx on Saturday August 12, 2023 @03:08PM (#37103232)
yeah def not the whole story being told. this wouldve at least been a nice acquihire for somebody if it were a valuable business. if this founder ran a 7 figure business into the ground with no cash shortage pressure he cant blame VCs for that.
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Re:My $0->$100M->$0 in 5 years story by kasdi on Saturday August 12, 2023 @06:14PM (#37104701)
Seems like it was an aqui-hire https://news.ycombinator.com/item?id=37103910
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Re:My $0->$100M->$0 in 5 years story by ipaddr on Saturday August 12, 2023 @05:52PM (#37104569)
Not when your employee costs grow larger than your profits. Making a million a year turns into -250k if you hire 5 extra VPs who offer no value.
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