Startups tend either to do many things right, or many things wrong. If doing x right were a coin flip, there would be a bell curve with the peak at doing half right. But it is not a coin flip.
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So he probably raised too much?
When revenue gets close to expenses, runway gradually stretches to infinity.
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Haven't thought about that this way, Makes sense.
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COVID had me reading this as revenue is decreasing
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My instant thought was hell yea. Revenues are real and he has a long term vision of scale that may require infusion
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