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by stingraycharles 251 days ago
In similar vein: a lot of startups fail because they raise too much money too early, have unrealistic expectations, while instead they should have raised less against a lower valuation but have investors with realistic expectations.
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> a lot of startups fail because they raise too much money too early

Source? The eager overfundraisers tend to be either remarkable successful or remarkably not. The only constant being remarkability.