Elliot Jay Stocks is a designer, speaker, and author. He was previously the Creative Director of Adobe Typekit, and is now the co-founder of lifestyle magazine Lagom, the founder of typography magazine (and soon-to-be book) 8 Faces, and an electronic musician recording as Other Form.

Celebrating non-venture-backed companies

Posted on 05 March 2014 Comments

I get so tired of the web / tech industry’s constant praise of venture-backed companies (especially those in San Francisco) that have no viable business model and then sell for ludicrous amounts of money, only to be shut down because — guess what? — they haven’t thought about how to make money. So it was extremely refreshing to see Hunter Walk write this on his blog:

[…] Our proclivity as an industry [is] to demean these smaller companies as ‘lifestyle businesses’, which suggests an easy path, a coasting team, the four hour work week. Bullshit. These companies represent the majority of entrepreneurs across the US and should be celebrated. […] So RIP calling anything not venture-backed a ‘lifestyle business’. Go build your business the way you want.

~ Hunter Walk

Amen to that. What’s especially refreshing is that Hunter is actually a VC.

(Via Sean McBride.)

© 2005 – 2017 Elliot Jay Stocks. All rights reserved. Proudly powered by Siteleaf. To keep updated with new content, you might like to subscribe to my RSS feed.