Comment by tptacek
10 months ago
It's not really a moral issue or even a competitive issue, it's just that the math for an investment has to work out, and the math for all these equity investments from strangers is that you have an X% shot at an outsized return, not an X+Y% shot at an ordinary return.
100% agree. A company that is trying to hit a billion in ARR is not 1000x less like to fail than one that is trying to make a million in ARR.
I just meant there are people trying to achieve his goal (of building a small SaaS), but they are unable to do it in the same way that he wants to achieve his goal (raising 600k on an idea).