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I can't agree with the "investment != success" slide. It's easy to get caught up with all the things you read in the media about Y company raising X amount. Soo
by zeroami 14y ago
I can't agree with the "investment != success" slide. It's easy to get caught up with all the things you read in the media about Y company raising X amount. Soon, you start to use that a success metric. This can lead to a lot of tension, frustration, aggravation, and self-doubt if you never raise that round.
- mikeg8 14y agoBut raising the round doesn't mean success whether you want to think it does or not. It may relieve internal pressures on a team/founder but that's because they foolishly value it as a "success metric". For me, the slide is one of the more important ones to remember.
- gtaylor 14y agoHe's not really making any controversial claim here, he's just saying taking money isn't a guarantee of "making it". Also, you don't always have to take investments at all (which the author may or may not have been alluding to). We bootstrapped Pathwright out of an existing consulting agency.
- redguava 14y agoWhilst not controversial, I think a point that needs to be made. A lot of people have their sole focus/goal on raising money. They then raise money and their next sole focus/goal is raising more money. I think more people need to realise it's an option and a choice, not a required stepping stone.
- yesimahuman 14y agoFrom what I can tell, you guys are agreeing on that point.
- Yoni1 14y agoYeah, I was wondering whether he meant to write "I can't agree more".