I find it fascinating that certain circles (cultures?) consider it a failure if your tech company doesn’t get a round of funding from the most “prestigious” SC VC firm.
Currently working in one of those tech companies right now, has made me appreciate my friend’s bootstrapped tech company, as it can evolve naturally with common sense decision making.
Edit: there was an article posted on HN two years ago or so about a SV tech founder coming to this exact realization after having laid off all his employees because he couldn’t get the next round of funding. I felt sorry for him and all others who were/will be in the position.
> Edit: there was an article posted on HN two years ago or so about a SV tech founder coming to this exact realization after having laid off all his employees because he couldn’t get the next round of funding. I felt sorry for him and all others who were/will be in the position.
Gumroad. Also typo, unless you actually meant South Carolinian VCs.
There are founders that think their goal is to get funding to hire people to build their product for them and measure their personal success by how much theyve raised
Currently working in one of those tech companies right now, has made me appreciate my friend’s bootstrapped tech company, as it can evolve naturally with common sense decision making.
Edit: there was an article posted on HN two years ago or so about a SV tech founder coming to this exact realization after having laid off all his employees because he couldn’t get the next round of funding. I felt sorry for him and all others who were/will be in the position.