Totally agree. I think this crazy belief about raising money as a priority was driven by the low interest rate environment and broad acknowledged success of big tech. With lots of money every body wants to find next Google and are willing to invest.
At the same time, having a loss company is not anymore a shame, it’s a success because also AMZN was unprofitable.
I really hope in next years, with higher interest rate, financial markets downturns will bring attention to profitable and bootstrapped companies.
I really hope in next years, with higher interest rate, financial markets downturns will bring attention to profitable and bootstrapped companies.