What you will _not_ see highlighted
Paul Graham sent a missive to his portfolio companies warning them, of rough seas ahead. The key take away for me was:
The best solution is not to need money. The less you need investor money, (a) the more investors like you, in all markets, and (b) the less you’re harmed by bad markets.
Tragically, I am sure that 95% of the press coverage on this will emphasize “raise money now!!” and beat the drums loud on fear.
Raising money is NOT the same as succeeding. It just means debt and enormous accountability and obligations. rinse - and - repeat.
Source: Business Insider
