Barrett: Raising a gigantic VC war chest ruins company culture
David Barrett · The Highs and Lows of Fundraising from Founders That Have Raised $1B w/ Calendly, Coda, LaunchDarkly · Nov 17, 2021 · at 11:52
David Barrett, founder and CEO of Expensify, argues against raising large funding rounds without clear operational spending plans.
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“This whole idea of getting a gigantic war chest, I think that's bullshit. Like, I think that it's just a big waste of money and capital, and it just, like, ruins your company's culture.”
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