I would say that nanotech's worth paying attention to no matter what your background because if you look far enough into the future, it'll impact just about any industry you can think of.
Steve JurvetsonRead
If your startup is only in the development or idea stage, there is almost no better predictor of failure - I mean, utter failure, scorched-earth bankruptcy - than raising too much money in the first round.
Interpretation
What this quote means
Raising too much initial funding for a startup can lead to its failure.
This quote by Steve Jurvetson highlights the risks associated with securing excessive funding at the early stages of a startup. When a startup raises too much money too soon, it may lead to poor decision-making, inflated expectations, and ultimately can contribute to its downfall, as the founders may not be prepared to manage such resources effectively or may rely too heavily on funding instead of building a sustainable business model.
Themes
StartupFundingFailureBusinessInvestment
In practice
Example use cases
A venture capital conference discussing the pitfalls of early-stage funding.
More from Steve Jurvetson
All quotes →I've actually come to respect the most irritatingly challenging people I've worked with as really valuable in improving group decision-making and what to do and what to invest in.
Steve JurvetsonRead
We look for companies that are unlike anything we've ever seen before, with a bold vision to change the world and run by passionate entrepreneurs who get you jumping out of your seat.
Steve JurvetsonRead
One very interesting framework for a company to succeed over time - beyond just business logic and analytics - is, do they have a reason why the best graduates in engineering programs will flock to them versus competitors?
Steve JurvetsonRead
When you lower the cost of access to space, a boom of innovation follows, just as low-cost fiber optics paved the way for the Internet and the cloud services that followed.
Steve JurvetsonRead
Similar quotes
Customers should be number 1, Employees number 2, and then only your Shareholders come at number 3.
Jack MaRead
A good idea for a new business tends not to occur in isolation, and often the window of opportunity is very small. So speed is of the essence.
Richard BransonRead
What's the most critical factor in any business decision you'll ever have to make? Basically, it boils down to this question: If this all crashes, will it bring the whole house tumbling down like a pack of cards? One business matra remains embedded in my brain - protect the downside.
Richard BransonRead
For ecommerce, the most important thing is trust.
Jack MaRead
Profit is not the purpose of a business, but rather the test of its validity
Peter DruckerRead
At a big company, often size turns into constipation; it fogs the lens about what's really happening. Sometimes with size and success comes the notion that since we've done things to be successful, we have the formula and can institutionalize it. That can be death.
Mark ParkerRead