K9 Ventures
OCTOBER 10, 2017
Unless every aspect of product development is covered by founders who are only receiving equity, there are other parts of building a product that will require hiring highly qualified people. Seed is the new Series A. (~$2M used get for building product, establishing product-market fit and early revenue).
David Teten
OCTOBER 1, 2015
They’re well aware of the conventional VC bias against funding companies which externally develop their technology, but they do have relevant skills. Customer development would be reduced to a single person exercise that could be repeated in parallel dozens of times over, ultimately yielding 30+ companies a year.
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