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Why Entrepreneurs Don’t Need Venture Capital to Scale

HBR IdeaCast

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Navigating Misaligned Incentives in Startup Funding

There was a misalignment between the company and venture capitalists' incentives. When the online marketplace wasn't working, the venture capitalists wanted to continue with it, but we decided to pivot in a different direction. They didn't want us to go back to a listing service. At one point, we suggested letting go of 75% of the staff to survive and find a product-market fit.

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