Me: You’ve said your advice for entrepreneurs is to avoid venture capital. Can you explain that a bit?
Matt: I have so many friends in the technology industry who are so obsessed with getting funded. And they’re confusing that with getting paid and it being money. People see it as free money, and it’s not. A lot of people obsessed with venture capital see Metafilter as a lifestyle business, but in my mind, it’s a mature business. It works really well and yet nobody aspires to do something like this and I don’t know why. Nobody celebrates just simple businesses that work.
Don’t take any money, don’t owe anything to anyone, build [your business] how you want instead of constantly being on that treadmill of growth growth growth.
(via Tomorrow Museum)