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> Importantly, with eight months of runway, Groove didn’t need the money. There were great arguments to be made about how we could use the money, but weren’t ru
by sheetjs 13y ago
> Importantly, with eight months of runway, Groove didn’t need the money. There were great arguments to be made about how we could use the money, but weren’t running out of cash.
No other reason is needed. If you don't need the money, and if you believe in the business, you don't need to justify turning down external investment. In fact, I'd argue that turning down money is harder than accepting it