After questioning whether Dogster is anything other than Pets.com 2.0, I ventured on Dogster’s blog this morning and came across this entry:

Why is Getting Funding More Impressive than Generating the Same Amount?

It’s an interesting and accurate realization.  The fact that the company is not funded out of the wazoo is the only reason it’s not Pets.com, by the way, or what Pets.com would be today had it not returned VC money to shareholders.

I am driven much more by building a profitable business than getting VC.  People think it’s crazy, but it’s the only way to actually generate anything meaningful.  

As we grow, we are starting to get more and more inquiries from the smart crowd, which is great… but I make it a rule to spend 2 hours on IT R&D, business development and sales, and content creation for every 1 hour I spend on corporate development.  It’s a basic rule to ensure we don’t get distracted by things that might not add any value to the company.

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