it’s better to be in front of a big change than to be behind it.
Even if the money doesn’t prove to be necessary, a major financing round can also have positive signaling effects — it helps convince the rest of the world that your company is likely to emerge as the market leader, and can discourage investors from backing additional competitors
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you usually need more money to blitzscale than to fastscale, because you have to keep enough capital in reserve to recover from the many mistakes you’re likely to make along the way.