> For some reason, I bought into this premium that our
> community puts on companies that produce gimmicky
> technology and raise massive rounds without having any
> real revenue streams. I got so caught up in this
> mentality that I was literally embarrassed to be working
> on a company that was making money in a less than sexy
> industry.
Anyone who is looking to take VC money needs to be able to convince investors that they'll have a 100M+ exit within seven to ten years. Investors who are looking to make these "long-shot" bets are not looking for solid companies with predictable growth like a lawn care business.
It's really important to understand the investor's point-of-view when considering a position at a VC-funded company, otherwise the company's behavior may seem irrational.
I'm guessing they aren't looking for companies like Uber and Handybook, you know because they're in predictable industries like taxi cabs and house cleaning...
It's really important to understand the investor's point-of-view when considering a position at a VC-funded company, otherwise the company's behavior may seem irrational.