Morgan Beller: A failing NFX portfolio company is sitting on $40M cash
Morgan Beller · OpenAI’s Social Network & Figma’s Potential IPO | More or Less #95 · More or Less Podcast · Apr 18, 2025 · at 37:01
Morgan Beller (General Partner at NFX) illustrates how surplus capital hurts startups by enabling unviable companies to burn capital on distractions.
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“I have a company right now that's not doing well. And I was speaking to the founder last week and it's really not doing well at all. And they have like. Forty million dollars in the bank. And they shouldn't. Like, they don't deserve that money. They raised it, but they don't, they should never have raised that money.”
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