Saying you want to control your company and you want to be around 10 years and then raising VC funding is either naive or dishonest.
VCs aren’t interested in a lifestyle business throwing them maybe a small dividend and a miniscule number of companies go public. Look at YC, they have invested in thousands of companies and only around 20 have gone public and only 3 have had positive returns since going public
https://medium.com/@Arakunrin/the-post-ipo-performance-of-y-...
Talk about dumping your trash on retail, YC is a lot smarter then I thought
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The problem with that analysis is it ignores all the companies that exited through an acquisition rather than public markets.
If anything, it's an endorsement of M&A.