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🌹 zach harris 🥀
@zachharris.eth
Building a sustainable business today that works bootstrapped or with outside funding means being profitable from day one. We’re no longer at a point in time where you can fuck around on somebody else’s dime. Revenue is not an after thought. Capital is oxygen to stay alive. WDYT?
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Pichi 🟪🍖🐹🎩 🍡🌸
@pichi
Hard agree. Fundamentals are more important than ever. The narrative of pricing a VC on something on the back of a napkin and walking away with a $10M check is now the stuff of myths. Capital is expensive at the moment.
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🌹 zach harris 🥀
@zachharris.eth
Yeah, 2.75% inflation, 8% debasement, interest rates avg 7.5% - the normal 1/10 goes moon model doesn’t work with 2% mgmt fee and 20% of exit anymore - building on VC today increasing feels like a loosing value prop Just a hedonistic treadmill where you get more and more diluted as you run faster and faster
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Pichi 🟪🍖🐹🎩 🍡🌸
@pichi
Definitely feeling like that at the moment. Traditional loans are expensive too and it’s really starting to stifle growth in many industries.
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