[slap_shot]

My apologies if I misunderstood why were you asking that question. I'm not done the entire article but I didn't get the impression this was assuming that companies were going directly to a series A like Justin did with this company:

> The more nuanced answer is when you have achieved compelling enough intermediate milestones that convince VCs that cash is your constraint to scaling your business. In other words, you have something that works, and all it takes is pouring money on it to grow it much, much bigger.