Criksen: If you have the ability to extend you runway right now, and you don't have to raise that's probably what you should do. In a private company, when you do a round, it's really just an auction,. It happens one time. You seek the highest bid. And if like half of your bidders are just sitting on the side lines, you're going to run a less efficient auction than you would if they were participating. The other thing that happens is, if you have like inefficiencies in your company, you can now actually fire people without it feeling like the company is going under. I no founder ever wants to do a head counterad

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