One element that this misses is the fact that it isn't always clear what size business (or something even what business) you have at the beginning. Meaning, yo

One element that this misses is the fact that it isn't always clear what size business (or something even what business) you have at the beginning. Meaning, you might take $5m thinking you've got a high growth business only to discover, a long way in, that you've really got a slower growth business. I've seen this happen multiple times where the founders say things like "I love this business - if I was just running it myself, I'd really love it, but the funding makes it a constant fight." Truth is, high growth, highly scalable businesses are probably a bit rarer than we'd all like to admit.