I’ll just be happy that we now have cash to build out a great product :)
Frugality is v imp.
Does that imply that the “first thing” you do is, put a large chunk of money in fixed income securities for inflation risk?
Because, you mention frugality is v imp. And the rest, is used for OpEx then.
@salt I am surprised how few founders do this. They let surplus money stay in bank instead of some low risk asset that at least beats inflation or more.
Well, the first thing to do would be to hire sensible operators who are bright but have been pushed over their lives because they don't fit the societal lens of pedigree or any other nonsense that recruiters/founders follow!
A hands on team built with vision and the hunger to outdo themselves and everyone around them, that's the kind of team with which you win! So definitely going in to build the right team by giving them fair offers and get the ball rolling on building your biz by roping in paying customers rather than senselessly spending money on high end marketing, unnecessary office spaces etc
This is a genuine strategy, you find talent that is hungry and vies for the best. Excellent coachability as well.
I like your answer,
Should My Company Raise Venture Capital?
Before diving into the mechanics of raising a seed round, it’s crucial to determine if venture capital is the right path for your company. Christina Cacioppo, founder of Vanta, suggests ask...
Hey everyone.
Thought I could do an AMA. A bit about me - have 4 years of work experience and graduated from a non engineering college. Was at a startup before (from Series B to Series D) before becoming a VC
Personally look at co...
This is the biggest problem with VC ecosystem 4 yoe kids taking calls on experienced, hardworking founders. Dude firs...
As the title says. Happy to answer any questions you might have about starting up, raising capital, or scaling up your business.
Bit of background in tier 2 college. Running startup for 5 years. Have never invested in one. Team of ~40....
