Comment on Gaming chat platform Discord in early talks with banks about public listing
cyrano@lemmy.dbzer0.com 3 days agoIt’s the path for the startup industry to rewards the venture capitalist investor basically either IPO by going public or M&A by being bought (like instagram by meta).
Here some more info on the different startup stages www.latitud.com/blog/stages-of-a-startup
NotMyOldRedditName@lemmy.world 3 days ago
Too many startups go for VC money when they shouldn’t. It’s a cancer.
If you’ve managed to bootstrap it, or get some non-vc money, things are growing and doing well, maybe just try to keep growing that way. You’re company is fucked the moment you take that VC money.
frezik@midwest.social 3 days ago
I agree, but I understand the temptation. It can take your company from 0 to 100 almost instantly, since you have the budget to hire social media and SEO experts to take you to that magical “viral” status. Not doing this often means toiling in obscurity and never going anywhere. If you do manage to make enough money for your whole team to quit their day jobs, then it almost certainly took longer.
Quick and easy path leads to the Dark Side.
Kualdir@feddit.nl 3 days ago
I don’t think an app like Discord could exist without great initial investment
NotMyOldRedditName@lemmy.world 3 days ago
Discord probably not, but there are many that could.