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Startup Exercise: What can't be solved with money? (2011)
What can't be solved with money, are the most valuable things.
So if you’re raising money and you don’t have your team assembled, the investor knows that handing you $200,000 won’t fix that. Whereas if you have the team, but they’re working only in their spare time because day jobs pay the mortgages, that’s a good reason to raise money. If it’s just a matter of pouring more marketing dollars in the top so you can crank out more revenue in the bottom, that’s a machine investors like to invest in.
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