4 ms·

I just resigned from an early stage startup where I was the CTO. I burned out. Last summer I started asking our CEO if we should raise money to help us (basical

I just resigned from an early stage startup where I was the CTO. I burned out. Last summer I started asking our CEO if we should raise money to help us (basically me) deliver but he said it's too early as we didn't have many paying customers back then and the valuation and terms wouldn't be optimal. I hanged there 6 more months but in the end was so exhausted I took one month of sick leave and during that I decided it's not worth it to keep on fighting. Now he's raising money with a new CTO-candidate. Lean is good but I wish it wasn't my mental health we paid the leanness.

onion2k 5y ago
but he said it's too early as we didn't have many paying customers back then and the valuation and terms wouldn't be optimal The last time I tried to raise anything it was pretty much impossible to do pre-revenue. Even a small seed round has expectations that you'll have launched already[1]. Obviously it depends on a lot of factors, but there's a chance your CEO was right. [1] ...which defeats the point of it being a seed round in my opinion. If you've proven the model and you have money coming in then you're raising a Series A. rant rant
ramraj07 5y ago
Too many people confusing between lean and dumb in this thread maybe?
- AitchEmArsey 5y ago
  Possibly also just "too many startups not doing anything valuable, captained by people with their head up their ass".