3min chapter

This Week in Startups cover image

Joanne Wilson on spotting a bubble, NYC’s post-pandemic reset, portfolio management in an unsustainable market & more | Angel S5 E10

This Week in Startups

CHAPTER

What's Your Advice to Founders?

When founders get the opportunity to raise large sums of capital at great valuations, a we obviously talked about early on, you can get ahead of your schemes. My advice is, take the cash. Why not? Why? You want money in your bank all the timei puts you in control. My other advice, which has been consistent for over a decade, ich, is get profitable. Doesn't mean youhoave to be profitable right now, but god for bid, if you had to be profitable and you could basically be responsible for your own destiny, how could you do that? It's such an important insight. And i've always run my companies to just have a year...

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