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Eric Siu explains why startups that raise less money often outperform those that raise more. Extra capital tempts founders into premature scaling, bloated teams, and burn-it-all growth strategies that end in failure.
Eric Siu explains why startups that raise less money often outperform those that raise more. Extra capital tempts founders into premature scaling, bloated teams, and burn-it-all growth strategies that end in failure.
There was a study basically saying that the less money you raise, the better you do. 'Cause the more money you raise, what ends up happening is you have to hire an executive team. Oh, it's time to grow at all costs. And then what happens is you end up burning a bunch of money and then it becomes this crazy cycle where you can't recover from it. By the time you try to cut costs, it's already too late. You're too bloated. And then what ends up happening is you just die.
