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🚨Executive assistants, high salaries, and other ways early-stage founders will trigger a seed VC
VC Jenny Fielding sparked discussion on X by questioning the necessity of executive assistants (EAs) for pre-seed founders, suggesting that many founders still misunderstand cash management from the funding boom of 2020-2021. She emphasizes that in the early stages of a startup, when revenue is limited, founders should focus on product development rather than hiring support staff.
Fielding notes that while VCs allow founders some discretion in spending, they closely monitor cash management, especially as it affects future funding opportunities. She identifies roles like COO and CFO as potential red flags, arguing they can be unnecessary and costly at this stage. Fielding advises that reasonable salaries for founders should be between $85,000 and $125,000, cautioning against high salaries that quickly deplete raised funds. Overall, she stresses the importance of financial prudence for early-stage startups.
🚨Executive assistants, high salaries, and other ways early-stage founders will trigger a seed VC
VC Jenny Fielding sparked discussion on X by questioning the necessity of executive assistants (EAs) for pre-seed founders, suggesting that many founders still misunderstand cash management from the funding boom of 2020-2021. She emphasizes that in the early stages of a startup, when revenue is limited, founders should focus on product development rather than hiring support staff.
Fielding notes that while VCs allow founders some discretion in spending, they closely monitor cash management, especially as it affects future funding opportunities. She identifies roles like COO and CFO as potential red flags, arguing they can be unnecessary and costly at this stage. Fielding advises that reasonable salaries for founders should be between $85,000 and $125,000, cautioning against high salaries that quickly deplete raised funds. Overall, she stresses the importance of financial prudence for early-stage startups.
At a time when the Indian stock market is peaking and has rallied immensely compared to global markets, there are companies that have not performed in the last 10 years. These are definitely a minor portion of the market considering there are hundreds of stocks that have turned multibagger since 2020. What went wrong with these stocks? Reasons vary from corporate governance, sectoral weakness, company specific and so on. But the more important question is, are these stocks worth buying?
Telegram Gives Up On Crypto Blockchain Project
Durov said on his Telegram channel today that the two and a half year blockchain and crypto project has been put to sleep. Ironically, after leaving Russia because the government wanted his encryption keys to his social media firm, Durov’s cryptocurrency idea lost steam because of a U.S. court. “The technology we created allowed for an open, free, decentralized exchange of value and ideas. TON had the potential to revolutionize how people store and transfer funds and information,” he wrote on his channel. “Unfortunately, a U.S. court stopped TON from happening.”
