The reality is that many of the businesses people regret raising money for would not have found traction without VC funding. Marketing spend is often what tanks these businesses, but they wouldn’t have existed without massive marketing spend.
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VCs will force you to spend that money one way or another, or they'll replace you, generally.
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Generally a myth, except in actual breakout growth.
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True, but it's also common practice for some investors to expect evidence of unrealistic growth after putting money in with the hope that they will get their 10X quickly and some teams don't know how to manage that.
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Yes. Founders not knowing how to manage expectations is the problem.
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This is equally true for VC firms as it is for startups.
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Also millennials.
I reckon many deep down want a lifestyle business while getting the validation and public acclaim from VC approval. - 3 more replies
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100% positive Adam Neumann is doing just fine with his payout
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I used my own money and ran it into a wall. And I learned a LOT. And the only ones hurt by its failure live in my house.
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