Views I hold that are rarely covered in the debates on raising venture capital or not - raising is burning the boats that promises to employees that founder is optimizing for certain range of outcomes - founders value and are buying shortened time window to either outcome
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Replying to @kevinakwok
Interestingly, from my perspective as a founder, I modeled raising as increasing number of months spent on business in an other-than-successful future world state.
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Replying to @patio11 @kevinakwok
(Though there might be a curve there; I ran a business with six figures revenue for 5+ years. I suppose “orderly winddown” is a fairly easy decision to make if one is funded and ends up with equivalently sized buiness w/o strong MOM growth; hard to justify if one owns all of it.)
7:34 PM - 21 Nov 2018
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