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I believe that derives directly from what people like Fred Wilson or Mike Arrington have been saying: "As I was reading Josh Kopelman‘s excellent post on the s
by hkmurakami 12y ago
I believe that derives directly from what people like Fred Wilson or Mike Arrington have been saying:
"As I was reading Josh Kopelman‘s excellent post on the seed boom and Series A bust, I got thinking of some words of wisdom Mike Arrington once shared with me. He said “numbers always ruin a good story.”
What Mike meant by this is you can raise a seed (or Series A) on a story. But at some point, you will have numbers; users, user growth, revenues, and revenue growth. You will also have a burn rate. And those numbers will become the thing you are judged on and your nice story will be “ruined” by the numbers."
http://avc.com/2015/03/numbers-can-ruin-a-good-story/ http://avc.com/2015/03/numbers-can-ruin-a-good-story/
- jkestner 12y agoYeah, as usual, when I watched that episode, I'm turning to my wife and muttering "This is true." The writers may be story-driven, but it seems like Bad Money was introduced just to have an outsider who was in-the-know to be able to draw light on the VC machinery.
- shostack 12y agoThe number of times I've turned to my wife and muttered "This is true" while watching is pretty startling. In talking to people at work about it, there is a general sentiment of "haha, this is really funn....errhmm...that's a little to close to reality..." Mike Judge is an absolute creative genius.