I think this happens a lot more than people realize. At that point, it's like being stuck in a bad marriage with lots of kids. No easy options.
The worst part about it - if the company exits at a low value, it's likely to be classed as a 'failure' - even if it is profitable and has happy customers.
It's impossible to know in advance which companies will only scale to a certain size - hence the problem.
I guess the solution is to only take on money when you can show that you have a scalable business that just needs more investment to fly higher.
The worst part about it - if the company exits at a low value, it's likely to be classed as a 'failure' - even if it is profitable and has happy customers.
It's impossible to know in advance which companies will only scale to a certain size - hence the problem.
I guess the solution is to only take on money when you can show that you have a scalable business that just needs more investment to fly higher.