A good read. Something founders should always consider.
The Basecamp guys usually bash VC’s as evil and the root of all startup problems but I don’t agree.
However I do agree with the premise that NOT all companies should raise money. It is not the only path.
Always find it funny when founders are surprised that a VC would say to a founder – don’t raise money. You don’t need to.
VC money should be used to make the outcome bigger by a huge factor than if you didn’t raise money.
Basecamp is a rarity in this day and age and some of the biggest exits for founders are when they don’t raise money.
Everyone has a different need or use case but founders should always think of all options.
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