Clojurians Log v2

This sucks but it's definitely one of the big risks with VC backing and the focus on super-hot growth -- because VCs are always all about valuation and growth for their investment, rather than sustainability for the company itself. It's a really bad model, IMO. I've worked for both VC-backed startups and self-funded startups -- and also pounded Sand Hill Road and Mountain View pitching for VC funding -- and I would never go the VC route again (but I understand the lure of all those millions of dollars, trust me!).

It's a really bad modelIt really depends on what you're trying to achieve. There are many types of startups that would be unviable without VC funding.

Sure, there are companies that need funding to get off the ground -- VCs aren't the only way to do that, and it's the predatory model of the VCs themselves I'm railing against, not the funding per se.

What I mean is: There are types of startups that are aiming to launch in a market where "hyper-growth" is necessary in order to compete. If you're trying to launch in that kind of market it's hard to justify not taking VC funding.

Heh, I'm not sure those types of startups are actually a good thing -- a lot of these "hyper-growth" startups are supposedly "disruptive" which just means they want to skirt around regulations and ethics, IMO.

VCs encourage that sort of thinking...

Several of the big VC firms are extremely unethical in their approach to what they fund and what they won't. Silicon Valley is big on money and short on ethics, a lot of the time (and remember I live in the Bay Area).

VCs might be better behaved where you live 🙂

Oh no, definitely not. 😅

I’m no fan of VCs as a category.

I wrote about it at my blog once, but the TL;DR for me is: as a consumer, these "disruptive" companies always make their products worse. Because they have a lot of money in the beginning and don't care about profit, and are growing faster than speed of light, their product is amazing... ... up to the point where they need to be profitable, then the product starts to degrade a lot and sometimes, there are no other players because the VC-backed destroyed them...

unity decided at the end of 2023 they were starting a speedrun any% of their bankruptcy.