Why venture capitalists hate profits - Valleywag Comments

Why venture capitalists hate profits

thelifter — Sat, 28 Jul 2007 11:52:59 PDT

What's funny is that my company got a pass from Union Square and we're a profitable company, and we have a business plan, and said business plan consists of a little more than "build something cool and hope that someone else can figure out how to monetize it after they buy us". That worked really well for broadcast.com.

It would be nice if VC's would take an interest in funding the future acquirers instead of the future acquirees.

thelifter

Why venture capitalists hate profits

Ron-Mexico — Fri, 27 Jul 2007 12:28:13 PDT

Say, say,
Two thousand zero, zero, party over,
Oops, out of time!
So tonight we're gonna party like it's 1999!

Ron-Mexico

Why venture capitalists hate profits

ivan007 — Fri, 27 Jul 2007 11:40:59 PDT

Shows a bit of a catastrophic misunderstanding of what VC money means to a company, but hey. I would guess Twitter has to take VC as their competitors are. Who wants to be outgunned and watch someone else take the prize?

ivan007

Why venture capitalists hate profits

kraptek — Fri, 27 Jul 2007 10:57:33 PDT

While they have been slack at figuring out how to efficiently and unobtrusively generate revenue, it is a platform with viability. Evan is an "idea guy" and an engineer. Credit is due for innovation, even if he may give away the show.

kraptek