As the guy that raised the $11M, I agree completely. It is terrifying and a huge risk.
IMO, the biggest downside to raising a lot of money is that you are no longer accountable to anyone. You can run around saying "We're rockstars! We're winners! Catered dinners! Aeron chairs!" for years, even if you make no progress and produce nothing of value. At least if you stick to the "right" cocktail parties.
untog, I'm counting on people like you to call us out if we get slow, fat, stupid, lazy, and arrogant. Ultimately, we will be measured by what we ship, or better, what other people ship on top of Meteor.
> IMO, the biggest downside to raising a lot of money is that you are no longer accountable to anyone. You can run around saying "We're rockstars! We're winners! Catered dinners! Aeron chairs!" for years, even if you make no progress and produce nothing of value.
Aren't you accountable to those you've raised money from?
IMO, the biggest downside to raising a lot of money is that you are no longer accountable to anyone. You can run around saying "We're rockstars! We're winners! Catered dinners! Aeron chairs!" for years, even if you make no progress and produce nothing of value. At least if you stick to the "right" cocktail parties.
untog, I'm counting on people like you to call us out if we get slow, fat, stupid, lazy, and arrogant. Ultimately, we will be measured by what we ship, or better, what other people ship on top of Meteor.