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[return to "Tell HN: I'm Afraid We're Shutting Down"]
1. 0des+w4[view] [source] 2022-06-02 19:09:34
>>RBBron+(OP)
> Several prominent organizations have indicated their interests in me assuming a leadership role. I need to work, and I need to continue my work.

Take the job so you dont starve, and so you can begin to rebuild. It's not time to shut the doors, it's just time to take a knee and get your game plan together. It ain't over yet, it's just halftime.

This will help: https://marker.medium.com/reflecting-on-my-failure-to-build-...

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2. EarthL+kb[view] [source] 2022-06-02 19:47:58
>>0des+w4
Not OP but is exactly what I needed to read for my own project, thank you. I’ve been searching for this.

It’s hard to find discussions about the real downsides of using VC money. For instance, what happens when growth fails? Do you lose ownership of the business? From reading this, the answer seems to be: Kind of, yeah. You have to buy your way back.

Another one: What happens if you want to do something extremely risky? My project is a game; what if an asteroid impact seems best for the design, but runs the risk of literally destroying the player base? I can’t imagine that would receive creative encouragement.

So as the author said, it depends on how value is to be measured.

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3. ushako+Xe[view] [source] 2022-06-02 20:09:14
>>EarthL+kb
> It’s hard to find discussions about the real downsides of using VC money

maybe because this is a forum, that belongs to the most prominent VC in the world?

> For instance, what happens when growth fails? Do you lose ownership of the business?

nothing, besides losing trust in your business’s ability to succeed, therefor not putting any more money in it

consider this: VCs are typically in hundred-million ranges, $500k for them is a rounding error, they only care about those companies that can show the promised growth

> What happens if you want to do something extremely risky?

that’d be actually great

more risk = more reward

> My project is a game

a thing about which no VC in the world cares

unless you promise it will become a “Metaverse”

> I can’t imagine that would receive creative encouragement

that’s not what you need a VC for, you need a VC for two things only: their money, their connections/status

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