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Dan Romero
@dwr.eth
A common fallacy I see on Farcaster wrt startups: if you've raised a large round, you can do more stuff with your startup, hire a team dedicated to X, etc. After a certain threshold of funding, the limited resource is focus. Adding more people to do more stuff quickly dilutes focus.
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Just Build
@justbuild
Fair point, maybe its an old fashion view of what a large funding round is for. Focus needs to be paramount as its what enables the start up to thrive. That all being said, isn't the point of the funding to scale? No one puts that kind of money into the start up to maintain the current rate of productivity. Its generally to accelerate growth. Hiring an outside team is definitely an option, but that can be as much of a erosion of focus as growing your core team. Internal growth is hard, for sure. It pulls focus, but the long term benefits on productivity when done properly is hard to ignore
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Dan Romero
@dwr.eth
Raising money is about ensuring you have runaway to achieve your goals. Hiring an outside team still requires attention, so dilutes focus.
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Just Build
@justbuild
100% agree with this and you know your team better than anyone. But aren't you limited in what you can focus on by keeping a team lean? Again, I've only been asking this these last couple of days because I'm curious. I thought it was a no brainer to grow the core team after getting funding. But your answers make me believe that I'm wrong about this, which is super interesting to me because it bucks a trend I thought was tried and true. Not what I'm used to when it comes to funded start ups. Not a judgement of the approach.
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Dan Romero
@dwr.eth
We have a little more capacity (we're actively hiring for a few more roles) but not much.
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