The Ledger
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Collin: Startups are screwed if seed VCs do not follow on
“And so you know that if you raise a seed round and then you raise a series A and the firm doesn't follow, then you're screwed.”
Founders should raise on business confidence, not arbitrary ARR milestones
“One thing I've realized is people will give you a lot of milestones that you need to hit in order to raise. So they will tell you raise a seed run when you hit that, and then a series A when you hit
One million in AR, whatever. And Series B when, but at the en…”
Startup transparency means sharing metrics, not dumping personal emotional anxiety
“The thing that I think is dangerous is transparency is not about sharing, ah, everything that's on your mind and the way you feel. And that's true internally and externally. So for example, in, inside the company, I can't say I'm freaking out about this compet…”
Startup board members cannot tell founders how to reach operational milestones
“So not helpful with, I feel like they are not helpful to tell you how you'll get to your next milestone. Like they don't have any answers for you.”
Collin: CEO role changes every six months, requiring different coaches
“So my job changes probably at least every six months. And every time I need to learn a new job, and every time I don't know if I'll be great at the next job I feel like, one, having, ah, a coach is useful, and it can be a different coach every six months.”