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Linda Xie
@linda
I have major respect for founders who return capital to investors if they realize what they're doing isn't going to work or be venture scale Will only raise for Bountycaster if we feel confident about venture scale in the future and we need the capital + help to accelerate
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Zach
@zd
Totally, but also worth acknowledging that every startup doesn’t work until it does. The only “failure modes” are running out of money or giving up. So if you have venture scale ambitions, you might as well give it a shot!
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Zach
@zd
9/10 companies failing is built into the venture model — losses are a feature, not a bug I think most investors would rather their founders give it a real shot and exhaust all options than give money back early without trying literally everything they can
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Arti Villa
@artivilla.eth
ambition is not reality. 💯 don't agree with this. DTC is largely great for businesses but without a software play or GTM growth play (community for gymshark, advertising for liquid death), its not a model you can build venture scale. it's structural often. it can still work, but just not be VC scale. 10B+ at this point. micro saas as a vertical is largely going to be self funded. https://x.com/tylertringas/status/1873736687018508704
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Linda Xie
@linda
For sure, this is when they've tried everything or decided to pursue a business they know isn't venture scale. I've had a number of founders that did this after several years e.g. https://x.com/HarshOnInternet/status/1873565908787998754 Alternative I've seen a lot is founders who know this and use the VC funding to fund their lifestyle
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