Why to start a startup in a bad economy (2008)
> <i>For years I've been telling founders that the surest route to success is to be the cockroaches of the corporate world.</i><p>This has always seemed incompatible with the VC model, which involves raising a ton of money, putting the company on an 18 month clock, spending the money so you can hit key milestones, and then raising even more money when the clock runs out.<p>I have heard of a few companies that were on the VC track, raised money, and stayed frugal. But my impression is that investors want to see you swing for the fences, which involves spending all the money they invested, and fast.<p>How common is it for startups to buck this trend?