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How many of you raised VC money, did not succeed and are now profitable bootstrap founders? (I will not promote)
Basically the title. We raised during covid, sold the unprofitable platform for pennies and are now in heated discussion with our VC because they squeezed us into the corner saying we need to have a traction for our new product in three months, otherwise they'll shut down the company and take the money from it. And I'm actually paralyzed because of this. I can't do shit except applying to jobs because I might need new cash flow very soon. I must say I'm so SICK of investors, really. They've been unhelpful (aside from funding) and are expecting unrealistic things. I've been so cautious of my spending for the past year so I can concentrate on pivot/new product this year and what I got from investor was a slap in the face. For the past 2 years I'm seriously thinking of never going after VC money again. My next venture will be bootstrapped. And in the meantime.... I'll probably just do a reset and get a job. Eeeehh.. tell me your story :) give me some optimism guys. Need it so badly.4
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