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zackkanter's profile
Zack Kanter
Zack Kanter
Zack Kanter
Verified account
@zackkanter

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Zack KanterVerified account

@zackkanter

Founder/CEO @ http://Stedi.com  (modern EDI platform) & previously Proforged (acq by Huron Capital), future-enthusiast, occasional blogger, all-around nerd.

Boulder, CO
zackkanter.com
Joined January 2012

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    Zack Kanter‏Verified account @zackkanter Oct 1
    • Report Tweet

    Part of the reason there’s so much backlash against VC funding is that when you end up driving your business into a wall at 100mph, it’s easier to say “I shouldn’t have raised that money” than it is to admit “I shouldn’t have spent that money.”

    8:12 PM - 1 Oct 2019
    • 82 Retweets
    • 792 Likes
    • Rohit Nair TronIII Joe Robison Momentum Roelof Botha thefantasticmrfoxx Mihai Mafteianu Samuel Sunderaraj Jillian Motyl Rockland
    23 replies 82 retweets 792 likes
      1. Zack Kanter‏Verified account @zackkanter Oct 1
        • Report Tweet

        The reality is that many of the businesses people regret raising money for would not have found traction without VC funding. Marketing spend is often what tanks these businesses, but they wouldn’t have existed without massive marketing spend.

        3 replies 1 retweet 76 likes
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      2. Satvik Pendem  🎉‏ @satvikpendem Oct 2
        • Report Tweet
        Replying to @zackkanter @hnshah

        VCs will force you to spend that money one way or another, or they'll replace you, generally.

        2 replies 0 retweets 1 like
      3. Zack Kanter‏Verified account @zackkanter Oct 2
        • Report Tweet
        Replying to @satvikpendem @hnshah

        Generally a myth, except in actual breakout growth.

        2 replies 0 retweets 4 likes
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      2. Angel Gambino‏ @gambino Oct 1
        • Report Tweet
        Replying to @zackkanter

        True, but it's also common practice for some investors to expect evidence of unrealistic growth after putting money in with the hope that they will get their 10X quickly and some teams don't know how to manage that.

        1 reply 0 retweets 0 likes
      3. Zack Kanter‏Verified account @zackkanter Oct 2
        • Report Tweet
        Replying to @gambino

        Yes. Founders not knowing how to manage expectations is the problem.

        1 reply 0 retweets 1 like
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      1. Alex Rubalcava‏ @AlexRubalcava Oct 1
        • Report Tweet
        Replying to @zackkanter

        This is equally true for VC firms as it is for startups.

        0 replies 0 retweets 10 likes
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      2. Nick Walker‏ @nw3 Oct 1
        • Report Tweet
        Replying to @hunterwalk @zackkanter

        Also millennials. 🤷‍♂️ I reckon many deep down want a lifestyle business while getting the validation and public acclaim from VC approval.

        0 replies 0 retweets 8 likes
      3. 3 more replies
      1. Ranee Soundara‏ @naynerz Oct 1
        • Report Tweet
        Replying to @zackkanter @Kellblog

        100% positive Adam Neumann is doing just fine with his payout

        0 replies 0 retweets 6 likes
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      1. Kim Estep‏ @kimestep Oct 2
        • Report Tweet
        Replying to @zackkanter

        I used my own money and ran it into a wall. And I learned a LOT. And the only ones hurt by its failure live in my house.

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