4 ms·
Marc seems to advocate raising a ton of money, and then spending it prudently. Which sounds great, but I've read that many VCs aren't that happy with that plan
by mxh 19y ago
Marc seems to advocate raising a ton of money, and then spending it prudently. Which sounds great, but I've read that many VCs aren't that happy with that plan. They want their companies to roll the damn dice already, grow huge quickly, or flame out quickly (allowing the VCs to focus on their few 'home run' companies). The relevant quote being "once you take a few million of my dollars, the clock is ticking".
Aside from a passing reference to not giving up control, I don't see this concern addressed anywhere in the article. Would a post-huge-money board really be ok with a "save it for a rainy day" money management strategy?