The trough of sorrow is when people give up, run out of cash, lose motivation, stress out, and deal with strategic-level uncertainty. @robwalling #microconf
(PG came up with "trough of sorrow" on a whiteboard at YC and it has passed into startup lore.)
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Replying to @kacperwikiel @robwalling
So one might think that, because it would be positive for negotiating leverage, but in practice VCs are extremely uninterested in investing in companies which are in that stage. One of funny dynamics is "a small amount of revenue is worse than no revenue."
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Why? Because sometimes no revenue is followed by a classic hockey stick and that very, very rarely follows a small amount of revenue.
5:29 PM - 25 Mar 2019
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