Search Results: let him go

I don't know if I should because going public means I have to be held highly accountable to regulators and shareholders, in exchange for theoretically unlimited funding and less responsibilities lol. I know that for a pre-revenue deep tech startup (or even one with some revenue), it'd be extremely difficult to go IPO prematurely but by merging with SPAC, I can do it much faster and easier. Also at least in Canada, there's 2 stock exchanges where they allow smaller and earlier stage startups to join, with much less requirements than say the main ones in Toronto or Montreal.

I'm fully aware that merging with such a shell company also means they'll have control over aspects of my startup that I'd retain had I not merged, and while I'm against merging and acquisitions generally that's an exception. Only agreeing to do this because most sources of funding are gatekept to more mature startups and/or don't provide that much money, which my startup would need to truly take off. I did consider going to angel investors, but the ones I found required startups to make 10x the investment within 5 years, while only providing at most a few dozen grand.

I can't even pay 1 full time employee with that, let alone a small team of them; realistically, I'd need a small investment in 6 or even 7 figures, so sadly only going IPO prematurely is realistic. The startup I'm in is automation, which includes AI, but also goes beyond it with stuff like robotics, IoT, MR, etc as I'm wise enough to know the generative AI bubble that began in late 2022 is eventually gonna burst by the end of this decade. I'm also fully aware that going public means certain investment firms like Blackrock and Vanguard are gonna try to force pushing their agendas down my throat, which I'm prepared for by not giving a fuck about them.