10 sats \ 0 replies \ @gunson 29 Dec 2022 \ on: Ledn FYI (red flag alert) bitcoin
The poisoned chalice of raising venture capital.
You must keep showing growth in order to prevent a down round. Positive cash flow and sustainability are secondary priorities at best, so expedient short term decisions to shitcoin will always be taken in order to keep the revenue chart going up. It’s all about making it to the next funding round.
Employee packages are linked to stock options too, so it’s not just the investors and founders who are motivated to grow. VC money is a death sentence unless there’s an explicit plan to avoid the trap.