Startups Rejecting Venture Capital
It's easy -- you build a lifestyle business or you build a big, usually scalable, business. If you are building a lifestyle business, VCs most probably even won't give you money. To grow one needs money. If you are building a big business the options are to take money as a credit or get VC money. Usually, banks do not credit those risky assets. So, the solution is obvious.<p>Another thing -- for a lifestyle business it's just very hard to hire anybody good without options that have no chances to be executed. Also, a good business model without aggressive growth could be copied easily by a big company that targets the same audience. Yeah, it's difficult to build a Basecamp. There are just so many examples that managed to do that. Even Atlassian took VC money at some point to be able to secure stability for the team.<p>So, there is no sense in the article. If founders were clueless enough not to understand what they get into by taking VC money, maybe they deserve the results.<p>It's important to understand from the get-go that VC money is just a tool that serves a very particular goal. If one does not target that goal, not need to get the money.