It's what we are incentivizing. Money in the bank = inevitability of success. What this equation does is make getting next sack of cash the be all and end all. Whatever gets that job done is correct if you are a founder. So the onus of non durability and bad behaviour checking has to lie with the people holding the purse strings.
I should host you on a podcast to talk about this to founders!
The trouble is - there are some people who'll get the valuations etc. and get away with the non-durable behavior.
But they're inspiring an entire generation of founders into behaving irresponsibly about building businesses.
Can't last forever, now can it?
It's what we are incentivizing. Money in the bank = inevitability of success. What this equation does is make getting next sack of cash the be all and end all. Whatever gets that job done is correct if you are a founder. So the onus of non durability and bad behaviour checking has to lie with the people holding the purse strings.