and sure it’s easy to make fun of all the dumb money slinging around here — and trust me there’s plenty — but there’s also some pretty fucking incredible businessses getting built on top of this model
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the new fundraising model: 1. raise $5-20m in “early” funding in stacked notes from solo gps, angels, rolling funds 2. with early PMF, raise mega rounds (25-50m) from crossover and growth from almost every prospective this style is a no brainer compared to traditional seed
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Lot riding on that early PMF!
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nah he tweakin
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Cap table sounds scary
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just pay gunderson a month of salary and these things are mostly fine
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Subtweeting urself I see
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hell yeah
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always a weird signal for me when I see a new company raising a ~largish seed with no brand name VC on the cap table. what is going on there??
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if u take cash from andreessen prepare to get rekt
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will are u feeling ok? u havent signed your note
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