Remove Liquidation Preference Remove Naming Remove Product Remove Product Development
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What Founders Need to Know: You Were Funded for a Liquidity Event – Start Looking

Steve Blank

But startups require money upfront for product development and later to scale. For the first few years, your VCs want you to keep your head down, build the product, find product/market fit and ship to get to some inflection point (revenue, users, etc.). The odds on day-one are that you can’t name anyone.