The Final Chapter of My First Startup
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The Final Chapter of My First Startup
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Re: The Final Chapter of My First Startup
#2This is a pretty good illustration of the impact of raising capital. Building a company making $50M arr is really difficult and requires skill, hardwork and a lot of things breaking right for you. While it seems he got a good exit, it seems much less than the wild payout one might have thought would be the case in a scenario like this. Capital isn't free. If you raise money, you should understand the implications for what you have to deliver in order to have meaningful outcomes.
Re: The Final Chapter of My First Startup
#3This is a pretty good illustration of the impact of raising capital. Building a company making $50M arr is really difficult and requires skill, hardwork and a lot of things breaking right for you. While it seems he got a good exit, it seems much less than the wild payout one might have thought would be the case in a scenario like this. Capital isn't free. If you raise money, you should understand the implications for…
Right. And his new, non-venture capital model for raising money for his next company seemed to work pretty well: https://sparktoro.com/blog/raised-a-very-unusual-round-of-fu...
Re: The Final Chapter of My First Startup
#4I'm glad Rand got his share, even thought it was way smaller than initially planned!
Re: The Final Chapter of My First Startup
#5I'm glad Rand got his share, even thought it was way smaller than initially planned!
Reading it with no previous context I thought it would end up with the author penniless and hacking away at some job just to make ends meet. Ended up reading like a humblebrag, kind of "I only had a six figure sum in savings, and how I'm a millionaire".