staurimas

Right. Every founder should look for A-level co-founders as well as A-level investors. The only thing I would make more clear here is how long does it take to find those A-level people and close investment round. Founders have to multiply by two whatever number they have in their head :) Closing round alone takes about 4 months in average. The worst thing that can happen is to get short on money while looking for investment. This not only makes things complicated for startup, but also scares away investors. So it is very important to save/earn enough money in order to get more (smart) money.

Good poker players have at least 100 stakes (the amount they can loose in one game) in their bankroll. This way they can avoid short term harmful decisions. If this comparison makes sense...

Post is great like many other recent presentations/posts by Andreas and def deserves retweet :)

Cheers @staurimas