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They are milestones, if your startup is just a vehicle for an investment Ponzi scheme, where the bulk of the management effort is devoted to getting to the next
by vannevar 10y ago
They are milestones, if your startup is just a vehicle for an investment Ponzi scheme, where the bulk of the management effort is devoted to getting to the next round with a higher valuation, rather than building a lasting business and letting investment flow naturally from business needs. Too many startups today have tipped toward the Ponzi side of the scale.