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>My next thing is unlikely to be venture backed until it already has some success or momentum.

Can you elaborate a bit, Joshu? I took this to mean that you're electing not to seek venture backing early because of how it might skew incentives, but I can imagine some alternate readings as well.



I think that it is better discipline to raise when you have a product that needs it, rather than beforehand. There are many unnecessary ways to fail if you raise out of order.




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