The Linchpin of Growth
In Silicon Valley, raising capital is a badge of honor and a mark of success. It’s the West Coast equivalent of a performance bonus on Wall Street
And while it’s inspiring to see founders acquiring the resources to achieve their business dreams, the fundraising culture is also superficial in many ways. It’s seen as an end in itself instead of a means to end.
Furthermore, the funding environment is shifting, and many founders are oblivious as to how this affects their business.
I believe that both of these shortcomings are because founders are unable to take a step back and see the big picture on fundraising and the growth of their businesses.
Simply put, venture capitalists invest in startups in the present to lay claim to the company’s earnings in the future. Founders take startup money because they have a business that they believe will be more profitable at scale…
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