I've never been one to seek funding, and I probably will never seek funding for any project that I start in the future. I built my current business with $1200 initially in 2009, and I've made over $100,000 in the past 2 years being the only founder and employee. You truly can build a business with no outside funding and without $XXX,XXX if you know where and where not to spend it. I've seen startups who get their first round of XXX,XXX and they think it's wise to blow $50-75k on an explanation video or $100k on adwords to try and get as many people as possible to their service as fast as possible. Truth is, these things take time to grow, and throwing large sums of money at it won't make it the next big thing overnight.
I also have another take on this -- those who want XXX,XXX in funding and say they will be killing it RIGHT NOW if they had the money don't even have what it takes to really get deep in there and grind it out -- putting in years of work and development. You can't just throw money at everything and it will become the next big thing -- Color is a prime example of that.
Certainly not. But on the other hand, without those 41 million dollars, they would not have been able to spend six months developing a brand new product (that looks much more interesting than the first one) without generating a cent of revenue in the meantime. Years of work and development have an opportunity cost, and with more money, you can buy some execution time and be there on time.
I also have another take on this -- those who want XXX,XXX in funding and say they will be killing it RIGHT NOW if they had the money don't even have what it takes to really get deep in there and grind it out -- putting in years of work and development. You can't just throw money at everything and it will become the next big thing -- Color is a prime example of that.