Looks like we're mainstreaming

The really funny thing about that story (and the whole notion of the "revolution" in general) is that this is the way business has been done for literally hundreds of years.

The dot com boom, and the Silicon Valley unicorn-chasing craze over the last 20 years, in aggregate, is basically an anomaly. Far more small businesses start and grow over time into something sustainable. They're just not called "start-ups" in the media, so we never hear about them.

In my mind, those who go out and raise venture capital before even starting, and then pay themselves a salary from their paymasters' purse are barely even entrepreneurs. (That point will probably get a lot of pushback... but blood sweat and tears have always been the fuel behind entrepreneurialism. Not someone else's "budget").

Granted, there's a point in many business lifecycles where it does make sense to raise capital for expansion. But IMHO that point is much further down the road than many "entrepreneurs" today would think.

If you raise first, and then build -- then you've basically taken a "job". Yes, your boss might be working in another office, but you still have a boss. And you've likely given up the lion's share of the equity as well.