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by colesantiago·6mo ago·view on hn ↗
Unfortunately since they already took VC money they have to keep doing it and each time they do it they do it the VCs would own more and more and would control the business.

I predict in less than 10 years Oxide exits by way of being acquired or an IPO. The enshittification would have already begun by then.

> You seem very sure of yourself in how business works! I'm curious now, how did you create your $100MM++ revenue hardware business? I'd love to learn from you. [deleted]

You don't need to create a $100MM++ revenue hardware business to know how this ends when you get into bed too many times with VCs.

We already know it is a huge capex spend (which is why they keep going to VCs) the question is, how many times does Oxide need to go back to VCs to keep raising (even though they said they didn't need to raise?)

I hope they become immensely profitable enough to buy out the VCs stakes and get control back and become independent.

But I am doubtful that Oxide will do that if they keep raising and they will just be sold down the river in less than 10 years.

1 comments
There's a lot of confusion here about the way VC operates (or companies, for that matter), but just to clarify one point: an IPO is not an "exit" -- it is a public offering. That is, an Oxide IPO, were we to be so lucky, would be a milestone towards being the generational company that we aspire to be.
> ...but just to clarify one point: an IPO is not an "exit" -- it is a public offering.

And what are you offering and why are you offering it?

Who do you think will own whatever you're offering after you go public?

Are you hoping your VCs (or you) won't sell whatever your offering when an IPO happens?