After Funding, Watch Burn Rates And Beware The Tyranny Of Incrementalism
February 24, 2015 at 07:30 AM EST
Every dollar the founders take out of the company sets the tone for the entire business going forward. Every dollar spent is a dollar of dilution, as it costs equity. Every unnecessary dollar spent on the founders sets the tone that cash should be more important than equity to everyone involved in the business. Read More