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> In principle you could take a huge VC investment, put it in treasury bills, and continue to operate frugally. You just try it. I’d really rather see this I t
by JohnJamesRambo 5y ago
> In principle you could take a huge VC investment, put it in treasury bills, and continue to operate frugally. You just try it.
I’d really rather see this I think.
- m_ke 5y agoWhen we got our seed round check in 2016 my cofounder joked that we should put it in bitcoin, would have worked out way better for everyone involved if we did...
- anonu 5y agoThis is risky I think. First, you sold a business plan and a pro-forma for growth. I would bet that "investing in T-bills" was not in your business plan. Second, you need growth. If you don't deploy your capital to seek that growth, your VC will want to get out sooner rather than later. You dont want a down round...
- ojbyrne 5y agoI think the point of investing and continuing to be frugal is to not have another round.
- montenegrohugo 5y agoIt's not just in principle, I personally know some startups that do this. Crypto certainly helps them make this easy. It is borderline scammy though.