Why Starting Your Investor Updates With “Cash on Hand” Information is a Major Red Flag Right Now. It’s Maybe the Only Thing Worse Than Not Sending Updates at All.
I appreciated this succinct discussion on using venture dollars well from Hunter Walk. In particular, this: “Startups spend a $1 to ultimately try and create more than $1 of company. If you do that repeatedly and efficiently we will all make money together.” Too many founders still think of investment as being akin to a grant. #Startups
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