YC advises founders to ‘plan for the worst’ amid market teardown(techcrunch.com)
techcrunch.com
YC advises founders to ‘plan for the worst’ amid market teardown
https://techcrunch.com/2022/05/19/yc-advises-founders-to-plan-for-the-worst/
14 comments
On the bright side, if you had gotten funding, today you'd be A) working insane hours, and B) staring down the barrel of a meltdown that could easily kill your company.
But I get it. Five few years ago, a woman friend and I were seated at a dinner with a VC who said her firm funded companies that were 51% woman-owned. To this day, that friend and I joke about what would have happened if she had just blurted out: "The two of us are starting a company actually! it'll be, uh, uh, Uber for dogs!?"
But I get it. Five few years ago, a woman friend and I were seated at a dinner with a VC who said her firm funded companies that were 51% woman-owned. To this day, that friend and I joke about what would have happened if she had just blurted out: "The two of us are starting a company actually! it'll be, uh, uh, Uber for dogs!?"
Can I see your deck?
I knew ppl who got funded and as part of the deal, pocketed a few $ million, no strings attached (I guess that's how much leverage startups had in getting funding). It really makes me angry because even if there's a downturn, they aren't negatively impacted. They made their $$$, and lost their investors money.
That usually happens for well established companies/unicorns. I don't think someone raising seed/A or even series B can just rake millions into his pocket when the company isn't even close to profitable. But maybe I'm just naive?
1 of the cofounders of Buffer did that years ago. Got $1 million in his pocket at the Series A
Wow. Why the hell do contracts allow for this lol, that's crazy. Also - I think this is an American thing.
The strings attached were the equity they gave up in exchange for the deal.
Which probably will be worth $0
Sounds like that’s the deal the investors agreed to.
Take it easy. Easy come, easy go. Focus on things that actually matter. Life is not short. Just don't waste it.
Don’t be so hard on yourself.
I am good at other things and my startup is flourishing. My point was humans have different strengths and weakness. Mine is pitching investors
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My only regret is that I couldn't get funded in one of the most cash printed economy in the history of humanity. A testimony of how fucking stupid I am at pitching my startup