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I feel like the expectation after getting VC money is "do it fast" to the detriment of "do it right". We may have had the wrong VCs or CEOs where I have been, o
by daveguy 9y ago
I feel like the expectation after getting VC money is "do it fast" to the detriment of "do it right". We may have had the wrong VCs or CEOs where I have been, or maybe I brought my own bias, but that definitely felt like the push.
- jjeaff 9y agoPart of the m.o. for many VCs is to push for really high burn rates. Which has two reasons, one is to accelerate growth as you mentioned. Another is to cause you to spend the funds you raised and require more investment sooner. This giving the VC the option to own a larger and larger share of your company by the time that liquidity event hits.