> There is a fixation with growing and doing it rapidly that I believe is harmful. I don't know when this switch flipped.
Gradually? I happened around 1995 and it’s only ever slowed down for recessions.
It’s not a trend of companies it’s a trend of funding sources and strategies. If you take fifty million in funding, those guys want it back. And they want it back 10x. So when your favorite little company takes a funding round that is five times more money than they’ve ever seen total, let alone at once, your favorite little company is about to change into something ugly.
Gradually? I happened around 1995 and it’s only ever slowed down for recessions.
It’s not a trend of companies it’s a trend of funding sources and strategies. If you take fifty million in funding, those guys want it back. And they want it back 10x. So when your favorite little company takes a funding round that is five times more money than they’ve ever seen total, let alone at once, your favorite little company is about to change into something ugly.