the track record of software startups that raise gigantic first rounds (say, 30MM+) is pretty bad.

Jun 5, 2014 · 2:49 PM UTC

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Replying to @sama
@sama would love to see real analysis on this (size of A/B/C rounds vs overall success)
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Replying to @sama
@sama Why do you think it happens?
Replying to @sama
@sama starting small is key
Replying to @sama
@sama Can you color us with your data?
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Replying to @sama
@sama's point is big rounds not necessary. from personal experience bootstrapping is teaching us things money can't buy