It's important to choose initial investors who are not twitchy and rushing for an exit. Wall Street's quarter-by-quarter lens may make the CEO make sub-optimal long-term decisions.
Everything that's bad for you catches on too quickly in America, because that's the easiest thing to get people to invest in, the pursuits that are easy and destructive, the ones that bring out the least positive aspects of people.
I was broke for more than 10 years. I remember staying up all night one night at my first company and looking in couch cushions the next morning for some change to buy coffee.
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