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You can do that, and often times debt providers will attach those sorts of provisions: "we'll lend you X and you can keep it as long as you achieve Y or maintai
by rstephenson2 9y ago
You can do that, and often times debt providers will attach those sorts of provisions: "we'll lend you X and you can keep it as long as you achieve Y or maintain Z". One of the challenges with that is that you can set up domino effects where you miss one goal, and then as a result you don't get the money you need to hit the next and it spirals downwards.
- tedmiston 9y agoI've been in a company like this and know of others — it's a real pain point when those metrics that funding is tied to turned out to be less relevant than you initially thought or distraction more than true traction indicators. For example, measuring the number of sessions a user has in your app vs the amount of engaged time per user.