The Human Factors » Three Ways to Blow Your Venture Round

An excellent post by James Geshwiler of Common Angels

Only about 1 in 100 companies that pursue venture capital money get it. Probably the worst thing you can do right after the financing is then to blow this precious resource. Yet, there is tremendous pressure to scale the company for a large market quickly. Here are the top three catastrophes I have seen first hand and heard from veteran venture capitalists time and time again over the years:

  • Hiring the right CEO at the wrong time
  • Scaling the sales force prematurely; and
  • Building the product ad nauseum

via The Human Factors » Three Ways to Blow Your Venture Round.

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