Quote:
Originally Posted by onwebcam
It annoys the shit out of me to see people throw money at companies like this that have never made .01 profit.. Yet my business has made profit from day 1 but borrowing money for it from anyone outside of loan sharking co's is nearly impossible.
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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