Attempting to mentor a founder raising $3M on a $25M cap on why this is terrifying to me.
He adds, “I don’t think Series A investors care about our safe caps…I don’t believe there’s much downside for the company if we can’t 2x our highest safe cap.”
?!?!?! 


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Replying to @DanielleFong
He doesn’t get that narrative really matters over time both for fundraising and company morale. So clearly little concern for if they can meet the milestones everyone will expect them to hit in a year to get to $75M. This is a prelaunched product in a regulatory space.
4 replies 0 retweets 23 likes -
Replying to @DStrachman @DanielleFong
The two word horror story. "Regulatory space" gg Do not pass go, do not collect $200
1 reply 0 retweets 1 like
Replying to @bkh_leung @DStrachman
moats to keep out the weak!
5:41 PM - 28 Aug 2021
0 replies
0 retweets
2 likes
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