0:39
A founder who raised $200M regrets it. The money forced him to hire senior people who didn't fit the company's culture, overworked him, and created problems he didn't need to solve.
A founder who raised $200M regrets it. The money forced him to hire senior people who didn't fit the company's culture, overworked him, and created problems he didn't need to solve.
The big mistake that people are making is they're just getting too aggressive and they're not really thinking things through.
We have a friend, he raised a couple hundred million dollars for a company and he didn't need to do it and he regrets it.
Raised $200 million at a multi-billion dollar valuation, never needed the money. It was a bootstrap company. And you know what? If you ask him, he regrets taking it on.
And he's working harder than he's ever worked at the company. It's moving in the right direction, but they hired a bunch of people that they didn't need to hire. And it was a lot of people that didn't align with their culture. It was a lot of people that were seasoned executives. They hadn't been at the stage that they're trying to go Maybe they had been at a really senior stage already. They hadn't been at a stage where it's like, hey, we're getting ready to take this from a scale-up to a publicly traded company.
