> There is something supremely funny about VCs complaining that their start-ups behave like funded start-ups and not like bootstrappers, who focus on revenues and profits right from day 1.
This struck me as well. The irony seemed lost...
You can't have it both ways. Bootstrappers who don't need your money, won't take it. People who do need your money, typically spend it, playing the longer game you've encouraged them to play.
> A healthy company would survive and grow even without VC investment, it's supposed to be an accelerator, not life support.
> "People who do need your money, typically spend it, playing the longer game you've encouraged them to play."
More than that, if you want the middle ground - externally financed but slower, more sustainable growth, you need to establish that from the get-go. Founders are chasing the fast 1000x exit because that's what VCs expect.
This struck me as well. The irony seemed lost...
You can't have it both ways. Bootstrappers who don't need your money, won't take it. People who do need your money, typically spend it, playing the longer game you've encouraged them to play.
> A healthy company would survive and grow even without VC investment, it's supposed to be an accelerator, not life support.
A thousand times this.