top | item 35162979 (no title) donnythecroc | 3 years ago Isn't the biggest thing here that he never spent any of the VC money of he had $35m in the bank he bootstrapped!!!! discuss order hn newest Kaotique|3 years ago How does that even happen? Don't they have salaries to pay or marketing campaigns to run, pay rent? How can he sit on a pile of money and still grow the business? bertday|3 years ago Being near profitable is the obvious way, though I find that surprising early on. NSMutableSet|3 years ago What happens if you don't actually spend VC money? Do they still get partial ownership?This is the first time I hear of a situation like this, and I'm really curious. lmm|3 years ago > What happens if you don't actually spend VC money? Do they still get partial ownership?Yes. Just like you still pay interest on a loan even if you just let the cash all sit in a bank account. load replies (2)
Kaotique|3 years ago How does that even happen? Don't they have salaries to pay or marketing campaigns to run, pay rent? How can he sit on a pile of money and still grow the business? bertday|3 years ago Being near profitable is the obvious way, though I find that surprising early on.
bertday|3 years ago Being near profitable is the obvious way, though I find that surprising early on.
NSMutableSet|3 years ago What happens if you don't actually spend VC money? Do they still get partial ownership?This is the first time I hear of a situation like this, and I'm really curious. lmm|3 years ago > What happens if you don't actually spend VC money? Do they still get partial ownership?Yes. Just like you still pay interest on a loan even if you just let the cash all sit in a bank account. load replies (2)
lmm|3 years ago > What happens if you don't actually spend VC money? Do they still get partial ownership?Yes. Just like you still pay interest on a loan even if you just let the cash all sit in a bank account. load replies (2)
Kaotique|3 years ago
bertday|3 years ago
NSMutableSet|3 years ago
This is the first time I hear of a situation like this, and I'm really curious.
lmm|3 years ago
Yes. Just like you still pay interest on a loan even if you just let the cash all sit in a bank account.