Raising VC money makes VC the customer. Like any business you then need to know your customer, including their needs, wants and goals.
If you are looking to build a profitable business with some other kind of customer then VC is not for you. Rather you need to tailor your business to that customer.
Most disappointment comes from seeing the VC as a partner rather than a customer. That is not their model. Rather they are a customer looking for suppliers who will deliver a very specific product to them. Most of their suppliers (95%+) will go broke trying to supply them. But some will succeed. A few suppliers will get very rich.
Since you are starting a business you get to decide who your customers are and see if you want to take the risk providing what they want.
Raising VC money makes VC the customer. Like any business you then need to know your customer, including their needs, wants and goals.
If you are looking to build a profitable business with some other kind of customer then VC is not for you. Rather you need to tailor your business to that customer.
Most disappointment comes from seeing the VC as a partner rather than a customer. That is not their model. Rather they are a customer looking for suppliers who will deliver a very specific product to them. Most of their suppliers (95%+) will go broke trying to supply them. But some will succeed. A few suppliers will get very rich.
Since you are starting a business you get to decide who your customers are and see if you want to take the risk providing what they want.