Competing with vc backed companies

The speaker is confident in their business approach, emphasizing that the success or failure of VC-backed companies does not directly impact their own. They believe that profitability and long-term sustainability are key to outlasting competitors. While acknowledging the risk of failure in business, they highlight that many failures result from internal factors like neglecting customers or becoming complacent. The speaker does not view the amount of funding raised by competitors as a threat, expressing a preference for their position with manageable expectations, focusing on product development, customer care, and employee well-being. They value the autonomy and control over their business, contrasting it with the high expectations and pressures faced by VC-backed companies.