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micah63 | 9 years ago

Summary:

1 - Seed money is given on promise

2 - How to get VCs to invest: Build something people want + talk to users + focus = 10% growth

3 - Be default alive, which means: existing cash + revenue - consistent expenses gets you to breakeven

*How to shoot yourself in the foot: Overhire -> Default Dead -> Ugly Duckling -> No VC

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