Re:Things about being a founder I wish I knew years ago
by zeroami on Monday March 11, 2013 @12:31PM
(#5357791)
I can't agree with the "investment != success" slide. It's easy to get caught up with all the things you read in the media about Y company raising X amount. Soon, you start to use that a success metric. This can lead to a lot of tension, frustration, aggravation, and self-doubt if you never raise that round.
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Re:Things about being a founder I wish I knew years ago
by gtaylor on Monday March 11, 2013 @02:04PM
(#5358526)
He's not really making any controversial claim here, he's just saying taking money isn't a guarantee of "making it".
Also, you don't always have to take investments at all (which the author may or may not have been alluding to). We bootstrapped Pathwright out of an existing consulting agency.
Re:Things about being a founder I wish I knew years ago
by redguava on Tuesday March 12, 2013 @04:59AM
(#5360869)
Whilst not controversial, I think a point that needs to be made. A lot of people have their sole focus/goal on raising money. They then raise money and their next sole focus/goal is raising more money.
I think more people need to realise it's an option and a choice, not a required stepping stone.
Re:Things about being a founder I wish I knew years ago
by mikeg8 on Monday March 11, 2013 @01:21PM
(#5358171)
But raising the round doesn't mean success whether you want to think it does or not. It may relieve internal pressures on a team/founder but that's because they foolishly value it as a "success metric". For me, the slide is one of the more important ones to remember.
Re:Things about being a founder I wish I knew years ago
by yesimahuman on Monday March 11, 2013 @02:34PM
(#5358729)
From what I can tell, you guys are agreeing on that point.