4 ms·
This. EVERYONE (or at least a lot of people) thinks that once they get funding, that means they'll be able to attract the right talent that just knows what to
by steventruong 15y ago
This.
EVERYONE (or at least a lot of people) thinks that once they get funding, that means they'll be able to attract the right talent that just knows what to do. That is seldom true. If you can't attract talent to the team before funding, getting funding won't change much other than being able to access a bigger pool. And as many here can probably attest, attracting talent is incredibly difficult as it is for many. Attracting specific talent if it requires specialize in-depth knowledge in a particular area is even harder. Don't rely on VC funding as if its the magic that makes your engine tick.
That said, I'm also extremely concerned by the fact that you refer to fund raising as VC's taking the bait. They are an extension of your team and they often play a much bigger role than just writing you guys a check. You should reconsider this if that was the way you viewed VCs (angels too).