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Camera+ turned down acquisition offers and says no to VC money

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Re: Camera+ turned down acquisition offers and says no to VC money

#41

if you have a product thats selling so well, is growing organically, and is already build...why would you ever consider outside funding?

We seldom acknowledge it but I think the truth of the matter is that a lot of people become entrepreneurs because they want the recognition, the fame and the status. As silly as it is, taking VC money gives you that in a way that is much harder to achieve with actual tangible success. You might be killing it with your product but carefully explaining your company metrics to someone over dinner is seldom more impactfu…

Just wanted to say thanks for commenting. I realized I probably wouldn't be happy accepting a large buyout if I were to strike it rich.

The journey really is the reward.

Re: Camera+ turned down acquisition offers and says no to VC money

#42

if you have a product thats selling so well, is growing organically, and is already build...why would you ever consider outside funding?

because there are six hundred million people worldwide in your target audience, you have convinced 10,000 of them to pay you, and all told you need to spend $5 on a new customer, and make $10 from a customer in a year. What, do you expect to grow organically from 10k users one year to 40k, then 160k, then 640k, and so on, hoping the market stays EXACTLY THE SAME FOR THE NEXT 8 YEARS? (Oh and you can't spend anything…

Attempt at humor: 640k users should be enough for anyone.
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