On: The dangerous allure of the “Billion Dollar Startup Club”

[pbreit]

You make it sound like raising is bad. there is absolutely nothing wrong with raising and in fact it is a good thing.

[coralreef → pbreit]

I wouldn't say raising money is necessarily a "good thing". Sure it gives you a bit of validation that someone would take a risk on you/your idea. But the data shows most companies will just burn through the money and never make a return.

Making profit is a "good thing". Raising money is just this side process that may or may not be necessary for your company.

[steiza → pbreit]

I meant does it still count as bootstrapping if you raise after hitting $1m / year in revenue.

Without VC there would be no Google, no Microsoft, no Amazon, ... I don't think many people seriously advocate for a world with no VCs.

[jvyduna → pbreit]

Raising is a great thing. Bootstrapping feels harder though.