This is really nothing new for founders, who have always, generally speaking, wanted to optimize for control. And this path maximizes optionality. Hell even pg promoted the idea of raising a small seed and getting to profitability.
The problem is most early stage VCs don’t play this way. Their game is all about “selling” their investment to the next round up of VCs, who have a specific playbook for what that looks like. Rarely is that aligned with what makes most sense for your company.
Maybe in a post-boom era that’s going to change. Regardless, this blog post isn’t for founders. It’s for other VCs. So good for Terrence Rohan to try and evangelize the idea a little to the fast follow crowd.
The problem is most early stage VCs don’t play this way. Their game is all about “selling” their investment to the next round up of VCs, who have a specific playbook for what that looks like. Rarely is that aligned with what makes most sense for your company.
Maybe in a post-boom era that’s going to change. Regardless, this blog post isn’t for founders. It’s for other VCs. So good for Terrence Rohan to try and evangelize the idea a little to the fast follow crowd.