This is a brilliant short talk by Tina Selig asking students “If you had $5 and 2 hours, what would you do to make as much money as possible?”. Her point that capital can simply be a distraction is a view I’ve held for a long time – especially in the context of cheap-to-start-and-run consumer web startups.
What’s a Bleet? A blog entry that really should be a tweet.
Naval and Nivi (venturehacks) posted an interesting tweet today:
I agree. I think there’s cachet value in having a large VC invest and based on Chris’s (IMO correct) views you need to decide if that value is worth the extra equity you’re giving up. The only scenario I can think of where cachet adds tangible value for founders is if you’re grooming the business for IPO or exit.