Tan: Raising too much capital prevents founders from making necessary cuts
Garry Tan · No Priors Ep 66 | With Y Combinator President and CEO Garry Tan · May 23, 2024 · at 23:23
Y Combinator CEO Garry Tan reflects on how excessive fundraising destroys startup discipline and prevents necessary 50% to 80% staff reductions.
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“Too much money equals potentially just not doing the right things, and then the worst thing is, like, not even being able to cut to the point where you can get back on track.”
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