Tech Ramblings • 19 implied HN points • 18 Jun 23
- A big seed round of $113M can be a problem for a new startup if they don't yet have a product. This huge amount of money can create pressure to perform, making it harder to focus on what really matters.
- When a startup gives away nearly half of its company for funding, the founders might lose control over their vision. They could end up following orders from investors instead of pursuing their own ideas.
- It's a myth that having a lot of money leads to creativity. Successful companies usually start with a strong idea and a small amount of funding, not a huge pot of cash.