Add to the fact that the you want to recoup the price you paid for the device in cheaper books. I bet that that would incentivize myself 200% towards buying more books.
Even further dilution. How important is a 5 million cashout when you only have 7% left of the company you slaved on for three years?
I never plan on taking VC money if it is at all possible to avoid.
I would buy that bike, provided that it was not overly uncomfortable. The idea of a ultra-small folding bike is attractive to anyone who lives in a city.
I agree with part of that. Look at the German LinkedIn competitor, which is a publicly traded company. It is the local leader, but that did not stop LinkedIn from moving in there. In the long run, the only strong brand is a global one. I do not see an opportunity for every region to have a successful me-too competitor.
I don't mind paying for the service, I would pay for Gmail. But now that they allow people to download all their email, I see no reason to run my own server.