The Importance of Valuation in the Capital Markets

I was a perfect example of what I advise founders not to do early in the life of my company. The higher price tag in the financing as a sign of success can be really damaging and limit your options later on if it's not rooted in reality. And so founders need to be really careful about what they're optimizing for in a financing. Businesses that are trained on capital efficiency early have it just a huge advantage in the capital markets.