dont raise
Would love to dive into this data.View quoted post on X
But my observations:
1. you have a much higher chance of getting rich by bootstrapping.
2. if you raise money for something that isn't SUPER scalable, you just reduced the already very small odds by more (ex: media, community, many ecommerce businesses).
3. This doesn't mean raising is dumb or won't work. You can be an outlier for sure. Just low odds.
4. Raising is likely the best way to get big fast.
5. If being famous, powerful, or having huge impact is your goal...raising likely helps you get there faster.
6. If money and freedom is your goal, don't raise.
7. All of these observations above...there are plenty of examples where they are wrong.