On: How to proceed when you run out of cash, but you s...

[scarface74]

I’m no fan of the startup and HN definition of success being valuation, revenue, or market cap while ignoring (the lack of) profitability.

But from a cynical standpoint, why not take VC money if you can get it? It seems like you should take VC money if you don’t have a business model that would lead to being a profitable ongoing concern.

If I can see profitability, why would I give up equity?

You let other people take the downside risk. Why use your own money instead of other people’s money.

[whateveracct → scarface74]

Yep, worst case you get lil nice wealth transfer from VCs to the people in the company, all for being an entrepreneur!

[inventtheday → scarface74]

its not taking the money thats the problem. spending it is the problem because it accelerates your burn rate