We have yet to find a funding model where products don’t turn to shit after the companies that raised hundreds of millions of dollars don’t meet their promises made to VC.
MongoDB is a great example of a company shooting itself in the foot because they don’t meet the promises of growth and profitability the market is expecting.
This fund is a great potentiel for dev tools and deep technology that needs only a tiny amount of capital at start and then can remain profitable with SaaS or Consulting.
This model would be somewhat unacceptable for VC because they expect every company they fund to go public and cash out right after with 100% YoY growth , otherwise you’re not a good investment.
Wow, I don't think I heard that MongoDB had an IPO and that they were worth $5 billion. Maybe I was on vacation when the IPO happened, so I wasn't checking Hacker News, because I'm sure I would have remembered that. All I see on HN is horror stories about MongoDB, or posts about migrating from MongoDB to Postgres.
We have yet to find a funding model where products don’t turn to shit after the companies that raised hundreds of millions of dollars don’t meet their promises made to VC.
MongoDB is a great example of a company shooting itself in the foot because they don’t meet the promises of growth and profitability the market is expecting.
This fund is a great potentiel for dev tools and deep technology that needs only a tiny amount of capital at start and then can remain profitable with SaaS or Consulting.
This model would be somewhat unacceptable for VC because they expect every company they fund to go public and cash out right after with 100% YoY growth , otherwise you’re not a good investment.
Congratulations on this launch !