One of the most painful expectation mismatches in startups is that the 1st round of funding is sold on a dream but the 2nd is sold on (mostly) objective evidence of progress, but founders often think a) they're working hard and b) dream alive so c) $$$. https://blog.ycombinator.com/why-does-your-company-deserve-more-money/ …
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Narrator: They do not get money. [0] [0] Generally. Can't give investors *too* much credit; hot spaces, appealing narratives, and founders with an exceptionally strong reality distortion field can often get funded without much objective indicia of progress... for a while, anyhow
7:39 PM - 9 Jul 2018
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