7min chapter

Y Combinator Startup Podcast cover image

#28 - Prerequisites for Starting a Company - Phil Libin

Y Combinator Startup Podcast

CHAPTER

The Desperation of Securing an Investment

The speaker shares their experience of struggling to secure an investment for their company due to exclusivity agreements. They recount the panic and desperation they felt, and reflect on the difficult decision they had to make. However, just as they were about to shut down the company, they received an unexpected investment offer from a user in Sweden, which saved them from closing down.

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