Revenue and profits are becoming sexy again. Hopefully dividends too.
My brain knows that there were times and places where this sentence makes sense and yet I still cringe hearing it. Businesses are rediscovering that they are in business to make money. Next thing you know banks will rediscover that their business model is loaning money to people who pay it back.
If you mean traded stock dividends, then nevermind. ;-)
Depending on the situation it could bode well for some startups...
Also, sometimes there's no where else to invest profits (within the Company) without expanding outside of what you're good at (I think MBAs call this core competencies).
You or your VC shareholders may choose to do so anyway because it's more comfortable and less risky to cash in earlier. But the party/parties who buy the company will demand a discount as compensation for the inconvenience and risk they're taking on.
I've always heard about VC funds liking exits and The Flip, but what if your plan was to get good cashflow going and issue dividends... does the idea become less investable?