Hsu says early profitability makes fundraising easy and businesses resilient
David Hsu · 20VC: Retool Founder, David Hsu on Why YC Is Helpful Pre Product-Market Fit but Not Post and Why VCs Are Not Helpful Pre-Product Market-Fit but are Post, Why it is Difficult to Become Unprofitable if You Set Yourself Up For Profitability Early & Why VC Th · Dec 17, 2020 · at 29:20
David Hsu is the founder and CEO of Retool. He discusses operating principles around capital efficiency and financial discipline.
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“If you can get to profitability very early and you can keep your growth rate up, you're just in such a great position. Your business is just so healthy. It says that, you know, it's very hard to ever become unprofitable, and raising money becomes so easy if you do decide to raise money or you decide not to raise money and become like a happier as well, which is also a great outcome.”
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