This article would be more accurately titled, "Why you shouldn't try to build a venture capital funded business." Of course, my suggested title is not nearly as compelling and edgy as the actual title, and would be less likely to make it to the front page of Hacker News.
The content in the article isn't inaccurate or misleading per se, but it's also basically repackaging well understood information about the economics of startups and venture backed businesses.
Further, the author asserts that, if you're trying to optimize your personal economic outcomes, you should not pursue venture funding. But this wrongly assumes that money is the sole motivator people have for starting a business. Further, it ignores the massive economic value that the venture ecosystem has created.
Some people want to retire early. Some people have bigger ambitions. Neither group is right or wrong, but, if you're starting the business, you should know which group you're part of.
The content in the article isn't inaccurate or misleading per se, but it's also basically repackaging well understood information about the economics of startups and venture backed businesses.
Further, the author asserts that, if you're trying to optimize your personal economic outcomes, you should not pursue venture funding. But this wrongly assumes that money is the sole motivator people have for starting a business. Further, it ignores the massive economic value that the venture ecosystem has created.
Some people want to retire early. Some people have bigger ambitions. Neither group is right or wrong, but, if you're starting the business, you should know which group you're part of.