"I'm telling you right now this is a complete non-issue." There Is No Series A Crunch by @Jason http://blog.launch.co/blog/there-is-no-series-a-crunch.html …o/blog/there-is-no-series-a-crunch.html
@hunterwalk @Jason absolutely not true: "VCs will fund any company with a Series A if they are making $2,750 a day."
Well @eyedar @hunterwalk if you find startups with $1m in revenue who can't get a series a being them to me!- @Jason @hunterwalk found one! Didn't even have to put socks on.
@sarahcuda @Jason @eyedar @hunterwalk u can totally argue the strongest will get funding. pretending it's not an issue ignores math/reality- @sarahcuda @Jason @eyedar @hunterwalk you can argue it's a *good* thing too. but reality is reality. there isn't capacity for 2000 series As
- @sarahcuda @Jason @eyedar @hunterwalk u don't help entrepreneurs by making shit up. they need to be prepared and smart abt raising $ this yr
- @sarahcuda @Jason @hunterwalk doesn't invalidate it, but does it matter? Either you'll get funded, sustainable on own, or die.
@sarahcuda @Jason @eyedar @hunterwalk Evolution is good. Extinction is bad. Question is what degree in between do we face- @DannyBoice @sarahcuda @Jason @hunterwalk extinction is not bad if there is no value or if we've evolved to new levels
- @sarahcuda @Jason @hunterwalk I just don't think it matters. Businesses fail all the time for lots of reasons.
- @sarahcuda @eyedar @hunterwalk that's the point Sarah: they don't have to. Series a crunch doesn't exist if you have revenue.
- @sarahcuda @Jason @hunterwalk if they were good businesses with good leaders, they would find a way - funding or not.
- @sarahcuda @eyedar @hunterwalk I get the 'basic' math, but capacity increases. If these companies were great, amount of vc would double
- @sarahcuda @eyedar @hunterwalk the point is amazing businesses will not go unfunded. So, focus on have $1m in revenue a year & it's gone.
@Jason @sarahcuda @eyedar @hunterwalk I think the number is closer to $350k/month for 2013. I don't think $1M year makes series A- @peterpham @sarahcuda @eyedar @hunterwalk if you're making half that you could a round--even from strategies who are desperate to catchup
- @Jason @sarahcuda @eyedar margins matter. @peterpham is doing lots of commerce companies where COGS are factor.
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