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Don't Take VC Funding – It Will Destroy Your Company

eidel.io

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Re: Don't Take VC Funding – It Will Destroy Your Company

#12
post #8

It depends, without VC many people will never have any company to start with. Not all company can be a lean one, some just need external investment to gain speed to survive, some indeed has no needed for VC. Take it when it's good for you, avoid it if you don't really need it.

reading the article might help here

This is an unhelpful comment and tone that doesn't add much.

Many of us come to HN for the discussion and don't even care for the articles. Threads will often digress into interesting and orthogonal tangents.

A better way to respond might be, "your comment is true in some circumstances, but the article states condition X, which makes the advice applicable."

Re: Don't Take VC Funding – It Will Destroy Your Company

#14
On the other hand, my first self-funded startup got destroyed by a VC funded venture. They had a worse product but far better marketing and they used every dirty trick in book to tarnish my company’s reputation.

There is no way I’ll start another startup unless I receive backing from a huge VC company.

Current economic paradigm is more similar to centralised/controlled economies of USSR. Thus if you want to succeed, you will need friends with connections to central banks.

Re: Don't Take VC Funding – It Will Destroy Your Company

#16
>You know, in ancient times, when Peter Drucker, the Master Yoda of business books, was still roaming the planet (alongside dinosaurs, probably) and writing business books, the definition of a successful company actually included the fact that the company was making more money than it was spending - it was profitable.

I guess some companies like Yahoo were never profitable but some people got rich buying and selling shares.

Re: Don't Take VC Funding – It Will Destroy Your Company

#17
post #12
post #8

Earlier quoted context omitted.

reading the article might help here

This is an unhelpful comment and tone that doesn't add much. Many of us come to HN for the discussion and don't even care for the articles. Threads will often digress into interesting and orthogonal tangents. A better way to respond might be, "your comment is true in some circumstances, but the article states condition X, which makes the advice applicable."

Which is why this place is just Reddit with more flowery language and an illusion of expertise

Re: Don't Take VC Funding – It Will Destroy Your Company

#18
This article is technically correct about a lot of things, but it also feels like it’s over-thinking things. Yes if you take big VC investments, the purpose is to grow a big company and sell it later, and at that point the deal really is “rocket ship or bust.” But there are also a lot of VCs who are happy to invest small amounts very early, don’t get control of the company, and would be happy to see you get profitable without taking any more investment — often these smallest investors are called “angels” but there are also firms that specialize in these kinds of investment.

It’s fine for the author to be all high and mighty about looking down on taking funding, but for most people bootstrapping isn’t practical or even possible, the business they want to run requires full-time focus and attention, and they don’t have the means to work for 2+ years without a paycheck. VC funding gives people like that a chance to try!

Re: Don't Take VC Funding – It Will Destroy Your Company

#20
post #12

Earlier quoted context omitted.

This is an unhelpful comment and tone that doesn't add much. Many of us come to HN for the discussion and don't even care for the articles. Threads will often digress into interesting and orthogonal tangents. A better way to respond might be, "your comment is true in some circumstances, but the article states condition X, which makes the advice applicable."

Which is why this place is just Reddit with more flowery language and an illusion of expertise

I really don't agree. This place is filled with some of the most intelligent subject matter experts in the world.
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