Bookman: Overcapitalizing Startups Without PMF Breeds Waste and Cultural Issues
Zach Bookman · $2B Gov Tech CEO's Warning for DOGE · Joe Lonsdale · Jan 23, 2025 · at 11:44
OpenGov co-founder Zach Bookman draws an analogy between excessive government spending and venture capital overfunding startups before they find product-market fit.
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“And it's small. It's not ready. It didn't actually have product market fit. You dump a ton of money on it and great things happen. Not usually, actually. All sorts of waste and pockets of waste and weird cultural problems.”
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