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by 1_over_n
2394 days ago
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There are other ways to proceed when your running low - in my experience it depends heavily on how hungry a bulldog you have built (i think paul graham said this) which is often a function of when you raised cash. If you have to make payroll and can't proceed without all those people sat in their we-work seats with computers you need to buy them thats a difficult spot. We have tried to stay lean for as long as possible and avoided taking cash because we work in medtech and don't want investors that do not understand our roadmap and milestones. We have found partnerships with academia, government, and research institutions have helped drive our project forward without needing to play the VC game. We advance our product and havent given equity away. |
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