I have a $1m MMR startup that I founded without any external funding - but mostly because I was naive to such structures existing at all. I would have saved years of struggling if I had an initial cash infusion of a few hundred thousand.
Idk about you, but I would trade 10% of my $1m MMR company for more free time during my early 20s.
It is more predatory than simple business lending leading to making enough revenue to justify more private lending leading to forming a small public company. The only reason there is so much VC money in this industry is because there is little revenue in selling user data or eyeballs at small scale.
I have a $1m MMR startup that I founded without any external funding - but mostly because I was naive to such structures existing at all. I would have saved years of struggling if I had an initial cash infusion of a few hundred thousand.
Idk about you, but I would trade 10% of my $1m MMR company for more free time during my early 20s.