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Great article! And this is a business that is going to grow at the same rate whether they have venture funding or not. Sure they could increase their leverag
by BitGeek 19y ago
Great article! And this is a business that is going to grow at the same rate whether they have venture funding or not. Sure they could increase their leverage a bit, but this "lifestyle business" is more likely to be a success than the average VC backed startup....(unless success only means an exit north of $100m or whatever)
EG: Better to have %90 chance of %50 of a $30M business (what I'd evaluate their likely outcome as) than a %10 chance of %5 of a $200M business-- what they'd be looking at if they took VC funding. (Though maybe angel funding might help, though it seems they don't really need it.)