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   JA Westenberg (daojoan@mastodon.social)'s status on Tuesday, 30-Jan-2024 22:52:33 JST JA Westenberg

   The biggest mistake venture capital funded startups make is accepting venture capital funding

   • Haelwenn /элвэн/ :triskell: likes this.
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     Petras Kudaras (petras@mas.to)'s status on Tuesday, 30-Jan-2024 22:53:21 JST Petras Kudaras

     in reply to

     @Daojoan The first mistake they make is prioritise chasing the dream of taking over the world without building a solid profitable business first. There is nothing wrong in building a profitable self-funded 10M business, you don't need to lose independence and take in external funding to chase unicorn status that most of the time never materialises.

     Haelwenn /элвэн/ :triskell: likes this.
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     Bob Davidson (wa7iut@mastodon.radio)'s status on Tuesday, 30-Jan-2024 22:54:09 JST Bob Davidson

     in reply to

     • Petras Kudaras

     @petras @Daojoan

     We’ve been running this way for 14 years. It’s a different kind of stress (keeping business going, paying rent) but with freedom to make a contribution the way we see fit. Running a business gives you a different, more humble perspective. I’m impressed with the hot dog stand on the corner that’s there year after year more than some of the SV startups I’ve seen.

     Haelwenn /элвэн/ :triskell: likes this.
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     your auntifa liza 🇵🇷 🦛 🦦 (blogdiva@mastodon.social)'s status on Tuesday, 30-Jan-2024 22:54:55 JST your auntifa liza 🇵🇷 🦛 🦦

     in reply to

     @Daojoan had people trying to convince me VC money was way better than a biz loan cuz there were no banks involved and no strings attached. you know, business santa clauses giving away their money just because 🙄

     Haelwenn /элвэн/ :triskell: likes this.
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     Mastodon Migration (mastodonmigration@mastodon.online)'s status on Tuesday, 30-Jan-2024 22:55:44 JST Mastodon Migration

     in reply to

     @Daojoan

     There is one main reason why you should never take VC money, and here it is:

     No matter how your business does, after three to five years your objectives and those of your VC overlords will diverge.

     That's it. They will want their money out. Whether just to cut their loses or to cash in their gain. They will force you to overhyped whatever you have and hollow it out. You will want to build a healthy stable enterprise. They will win and you will lose... everything.

     Haelwenn /элвэн/ :triskell: likes this.
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     Mastodon Migration (mastodonmigration@mastodon.online)'s status on Tuesday, 30-Jan-2024 22:55:45 JST Mastodon Migration

     in reply to

     @Daojoan

     Never were truer words written.

     Avoid VC money like the festering plague that it is.

     If you are a young person and considering starting a business, heed this advice. You are making a decision that will impact the rest of your life.

     Read on...

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     Rich Felker (dalias@hachyderm.io)'s status on Tuesday, 30-Jan-2024 22:56:35 JST Rich Felker

     in reply to

     • Mastodon Migration

     @mastodonmigration @Daojoan One potential smart move: dupe the VCs with open source licenses on *all* critical IP that let you just walk away and pick up as a new company without them. But I don't think it's easy to execute and needs some god tier lawyers.

     Haelwenn /элвэн/ :triskell: likes this.