This is very true, so I can’t help wonder what the glut of VC money at the moment is doing to the creativity of early stage start-ups.
https://twitter.com/jboogie/status/1453246907288018950
Start-ups often fail by running out of money. However I wonder whether having too much money can also have a detrimental effect.
I see a lot of early stage start-ups raising increasingly large amounts of money on often mind-boggling valuations. This massively changes their behaviour and attitude to experimentation and risk.
Interestingly I think increasingly large amounts of money can help a company that probably would have failed get over an initial hump, because they essentially hire themselves out of problems (rather than iterate and learn). Which I guess is the point.
Of course I also wonder whether I'm re-enacting that scene from Monty Python where a bunch of old people reminisce about how tough they had it and how character building it was.
I think bootstrapped startups build a product which, if successful, allows them to build a company.
Well funded start-ups often focus on building a company, which allows them to build a successful product.
Well funded start-ups often focus on building a company, which allows them to build a successful product.
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