Quote:
Originally Posted by wankawonk
I actually got the opportunity to talk to a silicon valley VC guy about a year ago about my business (which has been profitable for almost 4 years)
His attitude was basically,
1) Not interested in trying to compete with mindgeek
2) Yeah you might make a million dollars, but I want to make a BILLION dollars, and you'll never do that
So the VC guys just aren't interested in steady, good profits; they only want companies in new spaces that they think might explode in popularity.
And don't even get me started on regular business loans; they'll laugh you out of the room if you go in there with any kind of perceived high-risk venture
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I'm not even talking VC.. I'm talking regular loans/credit for a B&M. This isn't high risk either.. The banks tell me the business has no credit history so I have to personally guarantee the loan and/or credit.. Then if I go in for something personal they look at me like I'm crazy because I have a credit line or loan on my personal credit for my business... After they've pulled all that shit they then say " we can't look at any of that business income so you're fucked on this personal loan." It's bassackwards as hell..