This section really highlights the disconnect between what makes a service business appealing on the ground (profitability and sustainability) and why venture investors often overlook them.
It’s interesting to consider how “success” is defined differently depending on the lens through which you view it, profitability for owners versus exponential growth potential for investors.
For someone building a service-based business, the key takeaway is that while you may not attract VC funding, there’s significant value in seeking alternative funding sources that align with your long-term business goals.
Thanks for sharing!