apparently there are a *lot* of insane fundraisings happening right now in startups. at high valuations followed by growth investors saying immediately that they want in, willing to give many multiples of the valuation and money. as an entrepreneur, this makes me wary,
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on one hand trying to raise money right now is very attractive, as there clearly is a lot of mone on the other hand, these situations never seem to end well. best case, this drive to investment is being met with ambitious plans and entrepreneurs with the will to tackle them.
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most probably, a bubble bursts between *now* and when you actually have to have a functional / attractive business -- there's no guarantee that you'll be able to raise money like this in the future. You are well served with keeping a strategic reserve
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investors will want you to spend the money, the main they will do this is encourage you to hire executives; what you don't understand yet is that when you hire an executive you are hiring an executive team, & an executive budget -- they need resources to direct to do their jobs
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salary x10 is probably conservative.
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for some reason, a factor of 3x estimate in time estimated appears to be a reasonable factor in modeling time for writing, coding, and other complex tasks like design and assembly -- though this can vary all over the place. impossible projects take forever
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these lessons are hard lessons to learn when the money is available. when industries get really red hot, expertise is expensive, and money and perks flow freely.
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i anticipate an insane boom of activity as america gets going again and the rest of the world is still shut down because of lack of vaccines. in speculative and real economy. but in some ways it's harder to create a *great* company in a boom economy.
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if you're an expert programmer, or a promoter, i guess you can make a lot of money in a boom. this really does dilute the technical depth of the average. stupider stuff happens in 'tech' companies during a boom.
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you can justify a feeling of rather being out of the blast radius. we didn’t ultimately succeed at lightsail, but we wouldn’t have gotten as far as we did if we were participants in every bubble that invited us in. (oil prices burst in 2014, chinese stock market burst in 2015)
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