I'm reading about the funding environment in SF right now, which feels pretty frothy, but I imagine conversations about it between founders: SaaS company: "You can raise a seven figure seed round with code but no customers!?" Cryptocurrency: "$5M doesn't even buy you a deck."
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Some people with money describe the present state of affairs as "lacking discipline", which is another way to say "My competitors are offering more money for less proof points than I would like to offer."
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