(finishing chatting with a vc) “yeah anyway that’s my main thesis for why someone would be an absolute idiot to raise money instead of bootstrap something in the current meta, VCs are leeches who’ll force you to make decisions that benefit them not you”

🕯️They/them. Scaled cos from 0-$300k in arr, 7-35 employees, 0-100k users. Now I make candles that give people love, joy, and delight at humankind.place

they were like cooool so should i go kill myself or?

lol the most successful VCs I know are the most honest about this

𝓵𝓲𝓿𝓲𝓷𝓰 𝓽𝓱𝓮 𝓮𝓷𝓭𝓵𝓮𝓼𝓼 𝓼𝓾𝓶𝓶𝓮𝓻 · bootstrapping apps · stride.systems · skeet.build · buoy.club

idk distribution is a bitch 

marketing still costs lots of money 

software was never the bottleneck

absolutely. in an ideal world it’d mean more VC money for physical products or etc but i’m not sure how it’ll actually play it, i am p sure if someone: 1. living in the states 2. living alone 3. 
has enough money to pay rent and groceries — they can make any software product they want without any investment unless like you say it’s a really wild idea. i like that now for wild ideas you have to explicitly opt into “do i want the pain of a funding?”

seems like the set of idea/products that make sense for vc is getting smaller given how much AI is lowering barriers of starting and scaling a successful company

i wonder if bar for VC will raise - only unicorn ideas that require up front capital or more traction (revenue) before initial round?

Oh no commentary, just asking. My takeaway has been that it's an ego footrace and getting folks excited to win.

Most founders treat fundraising like selling a business when I've found it's closer to a seasonal reality TV show you don't want to miss.

sorry i didn’t mean to hit on a sore note but i’ve been employee 2 and employee 35 at two companies that imploded bc of investor pressure (amongst many other reasons) so im allergic to the concept — i have many friends who are VCs tho!

totally agree with you on both parts! i know it sounds like a big generalization but the context was them telling me about a new investment that i was like “…” — i am hoping ease of getting started makes ideas that need investment more interesting and ambitious

bad founders will run their companies into the ground, with or without VC

idk, some ideas have bigger J curves than others. There'll always be a market for taking risk capital upfront in exchange for a share of the upside longer term

Nicest people around here are VCs imo, next to OG users

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