How to avoid building a company you'll hate
blog.codetree.com
blog.codetree.com
> "Venture backed tech companies are built to get huge or die. Like a lottery ticket, you either win big or lose. But outside of tech, it's common to run a business to generate free cash flow for its owners."
Only a small percentage of companies should be pursuing venture capital. Unfortunately, the way the tech media celebrates raising money, it projects that it signifies success. This has misled many startup founders.
Big numbers are good stories. Raising $Xm is a much more interesting story to tell than 20% YoY growth to a business that has a natural revenue ceiling of e.g. $20m / year. So the media tells those stories and they become the dominant model.