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There are legitimate reasons to tout it. As a startup, it's a constant battle to convince partners, vendors, big customers and potential employees that you're g
by tlb 14y ago
There are legitimate reasons to tout it. As a startup, it's a constant battle to convince partners, vendors, big customers and potential employees that you're growing and not going away. Announcing a funding round is very convincing in that respect. It's social proof from respected people that have done their research.
- ebbv 14y agoI'm not saying it's not worth being proud of. It is, for sure. But is it worthy of being industry wide news? Most of the time, no. Most of these press releases contain no actual information that would be of interest to anyone who's life is not directly affected by that money. That's my point. Sure, tell all your friends. Post on Facebook and Twitter. Great! Hell even send out a press release. But industry news sources should not be reprinting these press releases, and we should not be upvoting them, unless they have actual content beyond "Hey these guys got some money to pursue their project."
- deleted 14y ago[deleted]
- photorized 14y agoThere are also legitimate reasons to be ashamed of it. Expansion capital aside, a pre-revenue funding round is an admission of failure. Failure to convince your team to bootstrap a prototype, failure to build a product/service that's profitable right out of the gate, failure to "convince" by your product performance alone.