3 ms·
I can’t speak to recent events, but a decade or so ago when I was involved in some venture-backed startups, there was a lot of pressure from our financiers to l
by raganwald 15y ago
I can’t speak to recent events, but a decade or so ago when I was involved in some venture-backed startups, there was a lot of pressure from our financiers to launch in the press, while we wanted to launch (and possibly fail fast) in private.
As you can imagine, sometimes the interests of the entrepreneur and the interests of the VC are not aligned. They benefitted from press about their investments, while we benefitted from organic growth. They felt that even if this cost us revenues, it would be made up for by subsequent investment rounds at high valuations driven by our press releases.
n=1 and all that, perhaps things are different today than in 2002.