1 comment

[ 3.4 ms ] story [ 16.2 ms ] thread
The specific framing of founders buying capital (dollars) is super helpful in understanding VC behavior, which is nearly are marketing.

VC’s sell a commodity product, money. In order to sell it, they add marketing, branding, and freebies - a bit like buying cereal with a toy inside.

Understanding that is the ultimate mental shift in raising money.