Had a chance to join a startup pre-seed round, now they're venture capital backed (so guaranteed success). Missed out on a lot of money chasing the FAANG dream :( TC 250k
Venture backed is not guaranteed success ?
Guaranteed success, VC backed companies usually succeed in startup world (think AirBnB, Uber, Google etc.)
You know, the big successes like Theranos and WeWork. It literally can’t go tits up
VC backed is guaranteed success huh
Most of the time if you check the stats
Since when?
Lol I’ve been at 4 VC backed startups now and don’t have shit to show for it. I have a shit ton of shares worth zero if you want them?
VC backed with millions of dollars? You’re telling me 4 startups straight flushes millions of other peoples money
Yeah. Easy. That’s why VCs want that 100x growth, to make up for the 90 other startups they backed that tanked. These aren’t shit VCs either, I worked at GV, A16Z, etc backed companies. Only one startup I was at IPOd, the rest all failed. That’s life.
With your intelligence and interpretation of things, you should just get back to work and collect your nice and stable bi monthly paycheck
Lmao relax. Venture back means at least 30-40% success. The team comprises of let’s just say very highly educated people
Lol, no it doesn’t guarantee anything.
Most startups will go belly up in 1-2 years because of QT. Easy money is over now.
What is qt?
Quantitative Tightening.
That is not true. You can invest 20K and become a VC. Read about startups. Crunchbase angel.co is the place to start
Lol . VC is vulture capital.
Most successful startups being backed by VC != most startups backed by VCs are successful
Op is regarded
Name please