This is a really interesting post and makes a lot of sense. I've now worked in a couple startups that raised enough money to hire for Stage 2 or 3 before they

This is a really interesting post and makes a lot of sense. I've now worked in a couple startups that raised enough money to hire for Stage 2 or 3 before they launched an MVP. In fact, raising early actually put more pressure to hire since Stage 3 looks better for investors. This brought too much process and too many specialists early on. The early designs became too ambitious, the products became too complicated, and the launch dates ended up way later than they should have been. Ultimately, it all led to the market fit being really hard to find and a lot of the early stage team members leaving.