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Rand Fishkin (founder of Moz) commented on this phenomenon the other day [1] by saying: "Make $10mm. Crickets. Raise $10mm. Everyone writes about you." and "Thi
by meritt 8y ago
Rand Fishkin (founder of Moz) commented on this phenomenon the other day [1] by saying: "Make $10mm. Crickets. Raise $10mm. Everyone writes about you." and "This is how we get a culture that trains founders to raise $$ > make $$."
Might I suggest to some budding founders that you try the revenue-funded approach. It's not as fast or as glamorous but the payout when you're successful is so much more significant.
[1] https://twitter.com/randfish/status/1028863855353417728 https://twitter.com/randfish/status/1028863855353417728
- dminor 8y agoSure, but if you've raised $10mm it means that someone has the expectation/hope that you'll be able to make much more than $10mm in the future.