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[return to "The quiet death of Ello's big dreams"]
1. jrexil+lX2[view] [source] 2024-01-19 13:38:44
>>waxpan+(OP)
I think people imply too much evil-intent with funding rather than understanding the mechanics of it. If you take money from an investor you have an obligation to them to make a return on that money in a finite time frame. The VC has LPs who want their money back in a finite window, so paying tiny dividends over 10 years to see a return on capital and some profit just doesn't work. Building a low-margin, profitable business does not return that investment.

So if you understand the mechanics behind it and have a reasonable path to return, say at least 5x the capital in 5 years (they want more obviously) then VC may not get in the way of your mission. But you have to ask yourself the hard question and be honest in answering it: "Can I return this investment five fold in five years without harming my customers/users/business/etc.?"..

Ethical obligations go in multiple directions.

[edit to add] Obviously there is also a fair amount of dihonesty and ill-intentioned greed out there as well, but that isn't the driver.

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2. Grinni+Wf3[view] [source] 2024-01-19 15:06:32
>>jrexil+lX2
> have a reasonable path to return, say at least 5x the capital in 5 years

Your definition of reasonable is not the same as mine.

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