“It’s near impossible to return money raised and get your equity back.”
Social media shows two kinds of business: the hustle course and the $100 million unicorn. The boring middle, $10 million to $1 billion in revenue, employs 48 million Americans and nobody brags about it. His Labdoor raised over $7 million, failed to raise a Series B and had to rebuild on cash flow. VCs need a moonshot. Most founders just need a business.