Pouring GasolineI think of financial resources as gasoline.
I think of financial resources as gasoline.
You can pour gasoline on anything. But unless there is a fire or some sort of spark in the air — nothing is going to blow up.
The same is true for companies.
You can throw capital at ideas and processes — but at the end of the day, nothing is going to happen unless you have some sort of product market fit.
Pouring capital too soon can kill you really fast.
But you do not want to miss THE opportunity to blow up a massive fire at the right time.
So how do you balance?
How do you know when to let it go wild versus take your time?
I am learning more and more that startups are about going fast. Testing ideas. Killing false assumptions.
Learning super fast is good.
But pair that with the ability to learn fast, on a budget, and minimize cost of mistakes.
Raising tons of money will not help you do that.
Originally published at gonen.blog.
Exported from Medium on February 17, 2018.