Fried: Excess venture capital creates operational sloppiness in startups
Jason Fried · Jason Fried challenges your thinking on fundraising, goals, growth, and more · Dec 17, 2023 · at 1:16:45
Jason Fried, co-founder and CEO of 37signals, discusses why taking venture capital funding can degrade operational discipline.
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“The thing with the VC route, so like the idea of like having too much money, it doesn't mean you can't work efficiently and thoughtfully, but it does create a degree of sloppiness because you don't have to when you don't have to, and when I'm saying have to, you could say have to what? Have to do a whole bunch of things. Like when you don't have to, when you don't have to make money, when you don't have to be efficient, when you don't have to be profitable, You know, you just kind of get sloppy”
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