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I will go as far as saying that raising more at the inception stage actually *reduces* your odds of success vs. increasing them. My reasoning below👇
Today, a VC tried to convince me that I needed to raise more money to succeed.
I later sent him the email below.
Seems like there's a narrative that you need a lot of money early on to succeed, but there's ample evidence that you can achieve a lot with very little.
