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notdevin
@notdevin.eth
Revenue will almost certainly make you more money than VC funding will ever will, unless you’re Ryan breslow. If you have a long term perspective then these two are often at odds, go with revenue and you’ll learn far more
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Abubakar🎩
@bigbenz
Even though you might be right, how do you convince a project to ignore a readily available huge VC funding to an uncertain generated revenue ?
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notdevin
@notdevin.eth
🤷♂️ same way you walk by a donut shop and don’t rush in and binge yourself to death. Discipline and self control are very undervalued, especially by VCs 😂
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Abubakar🎩
@bigbenz
Wise one there 💯 Although the generated revenue might be more sustainable, why are you against VC funding? VC fundings have assisted some projects in reaching the top you know ?
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notdevin
@notdevin.eth
I think they’ve mostly assisted middle managers and mediocre products to fly above their pay grade. The world has enough mediocrity in it already
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Abubakar🎩
@bigbenz
What’s your proposed solution to this though ? Setting up agencies that scrutinize the long term potentials of projects and also measure the extent and quality of value addition ?
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notdevin
@notdevin.eth
Hahah no, I propose no solutions to this other than “don’t take money that will bite you in the ass” I don’t think an agency or monitoring is required for how people choose to build things, I’d rather keep VC as is than move to a system designed to measure if startup should be bootstrapped vs Vc backed. I think if the future winds up there we’ve taken some wrong turns
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Abubakar🎩
@bigbenz
I think this is it, setting up agencies to check how people choose to build might be counter productive, as decisions taken by the agency would be subjective and at times seen as controversial It all boils down to people demanding the right things of themselves but how many individuals are these truthful and less greedy ?
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