Adam Smith

Raising Money, Post Script

August, 2007

I forgot an important thought in my previous post, Raising Money.

Sam Altman: "Every morning wake up and say to yourself: 'They need me more than I need them.' Entrepreneurs are the limiting reagent in the startup equation, not investors."

Oh so true.


I previously wrote to upcoming Y Combinator companies about:

1 - Having courage to face reality and change direction as appropriate

2 - Raising their next round.

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