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>This is why everyone who is smart about raising money for ventures underpromises and overdelivers. The opposite, overpromising and underdelivering, is a road t
by nickff 6y ago
>This is why everyone who is smart about raising money for ventures underpromises and overdelivers. The opposite, overpromising and underdelivering, is a road to hell.
The vast majority of startups fail! From a financial point of view, most startups look a lot like Ponzi schemes; the difference is that startup investors know it's risky.
- edoceo 6y agoAnd if you're doing it right you're telling them the whole time about how the ship is sinking. The Ponzi don't have that