Caldwell: Starting a company by pitching VCs invites exploitation
Dalton Caldwell · The Truth About Y Combinator · Y Combinator · Oct 28, 2022 · at 25:16
Dalton Caldwell warns founders against chasing venture capital before building product leverage.
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“If your idea for how you start a startup is to first create a pitch deck and go pitch VCs, you're setting yourself up to get screwed. You're setting yourself up to get taken advantage of by people who are gonna have 20 different ways to rip you off, versus if you do something cool, you're gonna have a lot more leverage, right?”
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