Overfunding
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Don't spend money just because you have it
20VC with Harry Stebbings· 2026-02-02 17:25
My advice is take the money but continue to behave as if you didn't. Don't spend money just because you have it because companies can be overfunded. It can [music] lead to loss of focus.So if the founder is mature enough and strong enough to take the money, put it in the bank, but spend it based on the signals that they get from the market as opposed to the pressure that they're getting in the boardroom. I think they should take the money because it would be stupid not to. But again, it's easier said than. ...