alt Hacker NewsThing i learned about raising capital it, you need to build or have a network. Thats YC is great, accelerators, incubators help you do that. Network and story you tell. Also, every stage you raise, you have to make sure the folks you raise from help you craft the narrative for thr next round.
I think if you have a healthy busy growing well, you shouldnt raise unless you have ambition and urge to go faster.
Irony of thr market is, just like tinder 20% of the companies attract all the attention rest of them try to gran the attention. Those who need capital get the capital, those who need the capital die trying.
Enough friday pessimisim.
Replies
> I think if you have a healthy busy growing well, you shouldnt raise unless you have ambition and urge to go faster.
This is why VC is a cancer on society. If you don't have a healthy business growing well, your business shouldn't get bigger.
> I think if you have a healthy busy growing well, you shouldnt raise unless you have ambition and urge to go faster.
This is the reason why I don't wish for VC investments if I do something preferably.
Also I feel like your comment is highly accurate, I feel like this narrative though can sometimes be the only thing that matters, something like a vibes based economy.
I don't like this so much because some idea's technical prowess is taken at the back seat while its the marketing which ends up mattering, like many other things, it feels like that tends towards something akin to influencer level marketing and its something that I sometimes personally dislike.
To be honest, the reason why I am seeing YC investments especially from say people my age 18-19, is that, it is becoming a point of flex for them and just a capitalization of hype that they might have. It really does feel like it to me that when we boil down people and interactions sometimes into how much money they have, we lead inevitably to societies like ours.
The network is something that I understand can be hard to make though. I do believe network plays a role and I do feel like I have bootstrapped my own network by just talking with people online and helping, but I do believe one issue in that, that particular network isn't my business market sadly, and I do feel unsure about how to network to them and so I would be curious if others face somewhat of an similar issue.
> I think if you have a healthy busy growing well, you shouldnt raise unless you have ambition and urge to go faster.
My previous employer was like this. A 20yo company with a nice always increasing ytoy growth. The CEO told for 20 years that he would never raise any money. It was an incredible place to work : nice compensation, product and consumer centered, we had time and means to do the right things.
Until the CEO changed his mind and raised money anyway. But we didn't have to fear anything because those investors were very different and not like the other greedy ones.
Well I'm not working there anymore for a hella lot of reasons that are just the same as everywhere else.
But at least the CEO who was already rich is now incredibly rich.