Comment by monero-xmr
5 days ago
I’m a big fan of staying private. I own a company that took VC many years ago but we strategically stayed private for a decade now and made peace with the VC. You just keep being honest, stacking customers, playing the long game. I see the value of being public but as a 100 to 500 person company that grows steadily, you keep it private and remove the quarterly earnings. The constant drive to hit the quarterly nut at all costs causes so many stupid short term benefits that hurt long term value. There is an enormous number of small companies you have never heard of like this. It’s just so short sighted to kill the golden goose to juice some profit
How did you manage to agree with VC?
Bought them out
That’s awesome! I want to do the same if I start a company.
Indeed quarterly earnings make people think short term, disregard long term. Focus on growth above all else