Seems like he meant "It's bad for me (the VC) to be profitable when you're growi... | Hacker News

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		avisser on June 30, 2022 \| parent \| context \| favorite \| on: Atlassian is 20 years old and unprofitable Seems like he meant "It's bad for me (the VC) to be profitable when you're growing"

gnicholas on June 30, 2022 [–]

Bingo. The VC wants the grand slam that returns the entire fund. He'd rather have an x% chance of a grand slam than a 3x% chance of a double/triple. Founders have a very different calculus because their risk isn't spread across a portfolio of companies.

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