<oembed><type>rich</type><version>1.0</version><title>Rusty Russell wrote</title><author_name>Rusty Russell (npub179…elz4s)</author_name><author_url>https://yabu.me/npub179e9tp4yqtqx4myp35283fz64gxuzmr6n3yxnktux5pnd5t03eps0elz4s</author_url><provider_name>njump</provider_name><provider_url>https://yabu.me</provider_url><html>The problem with this is that well-run, boring, positive cash flow companies are really hard to find. All the obvious ones were snarfed up by previous variants of this play.&#xA;&#xA;It *sounds* great, until you get to the messy reality that the firms you want don&#39;t need you. So you have to find and pitch them. And why would they say yes? Because they&#39;re looking for an exit, which is the opposite of what you said you wanted.&#xA;&#xA;This is not to say it&#39;s impossible, but there&#39;s a reasonable case that it&#39;s going to be far harder than VCs think, who are used to people approaching them. &#xA;&#xA;nostr:nevent1qqsrake8cgmccpjsepk9nt8mrvcx87tl9xn2ggjpczv0wqv9gac4d5gpz9mhxue69uhkummnw3ezuamfdejj7q3qs05p3ha7en49dv8429tkk07nnfa9pcwczkf5x5qrdraqshxdje9sxpqqqqqqzsx77pv</html></oembed>