Standing pat is a term from poker. When you're playing draw poker, you can say, i am not going to take any more cards. We stand pat often because we have so many investments in our firm that we want to focus on the next set of companies. Beter: You must think, as a capital allocator, i need to hit a certain return profile. If your company's failing and another company is growing, where would you put the money?
Jason discusses how founders can secure follow on funding (1:57), then is joined by investor Zach Coelius to answer listener questions on technical co-founders (38:21), successful founder traits (40:41), founder red flags (46:07), why startups fail diligence (56:17) and more.