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> Obviously, if one of these funds gives you a term sheet, it’s a no-brainer.

It isn't a no-brainer. Many founders in the new era are weighing bootstrapping, seed-strapping, and VC money without a clear answer.

If you can see a path to growing MMs of revenue with little need for staff, you may just not go do a follow-on round.




Just raising as much money as you can when you can from even great firms is how so many founders get themselves in big trouble down the road and reduce their exit optionality or introduce deathly signaling risk. But if you can take lots of secondary to derisk and build that nest egg I guess have at it




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