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.”
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VCs will force you to spend that money one way or another, or they'll replace you, generally.
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Well said.
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Exactly. Nearly every VC I know agonizes about their portfolio companies burning too much too fast.
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