Lütke: Venture Funding Simply Amplifies Whatever Habits a Startup Already Had
Tobi Lütke · #41 Tobi Lütke: The Trust Battery · Sep 18, 2018 · at 1:29:51
Shopify founder and CEO Tobi Lütke reflects on how early cash constraints taught him capital discipline compared to startups receiving early venture funding.
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“I actually think it's one of those kind of lessons that you get deprived of if you go straight to an, into a startup accelerator, and then go and Get the Series A funding with not a lot of effort, and, you know, like, every company that's being funded, you're gonna get a lot more of whatever they were already doing, right? So, if the company at this point of getting funding was already good at making every dollar count, really understood its market, you know, like, then you can kick, kickstart a story that produces almost a hundred percent growth for a very extended period of time And you know, in some cases you're actually fueling something, some completely different behavior.”
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