Mlynsky: Savvy investors will not fund startups built by third-party dev agencies
Yossi Mlynsky · The 'Coffee Test' That Filters Bad Hires Every Time · Aug 10, 2021 · at 20:12
Upstack founder Yossi Mlynsky explains why relying on third-party agencies to develop early software products creates fundraising obstacles with venture investors.
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“If you're a startup that wants to raise money, there's no bigger red flag for an investor that when you're using a third party agency, I don't think any savvy investor will ever invest in a company who is building their product in that particular way. Unless of course you've got extraordinary numbers in some other area, obviously you could build your product, however you want.”
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