Re:Why We Said “No” to a $40M Round
by Angostura on Wednesday August 09, 2017 @07:36PM
(#14974794)
My recollection from a fairly lowly place in a startup many years ago, that it doesn't work that way. The quid pro quo then for taking the money was rapid growth.
I was busily scoping out systems to automate stuff so that we could scale, but the impression I got was that the VCs were very very interested in seeing rapid expansion of head-count because that was an important metric for them.
I remember having these weird conversations with me saying 'we don't need to find a bigger office, if we get this workflow automated, we can just go down the pub while the money rolls in'. Ah to be young and naive.
I was busily scoping out systems to automate stuff so that we could scale, but the impression I got was that the VCs were very very interested in seeing rapid expansion of head-count because that was an important metric for them.
I remember having these weird conversations with me saying 'we don't need to find a bigger office, if we get this workflow automated, we can just go down the pub while the money rolls in'. Ah to be young and naive.