Alex Rampell

Let's just think about this for a second.

Let's just think about this for a second.

The people that start a company are irrationally exuberant.

The people that start a company are irrationally exuberant.

If they thought that the company was going to fail, if they thought they had a 0% chance of raising a Series B, they wouldn't start the fucking company, right?

If they thought that the company was going to fail, if they thought they had a 0% chance of raising a Series B, they wouldn't start the fucking company, right?

So that's why the speech doesn't work.

So that's why the speech doesn't work.

Because I always tell people like, hey-

Because I always tell people like, hey-

The reason why you shouldn't raise your Series A, like there was a deal that I guess we should have done, candidly, because like this company just raised it like a billion dollar plus valuation, but we turned it down.

The reason why you shouldn't raise your Series A, like there was a deal that I guess we should have done, candidly, because like this company just raised it like a billion dollar plus valuation, but we turned it down.

The company had like less than a million dollars in revenue, and they wanted like a $200 million whatever post-money Series A. It was just so crazy.

The company had like less than a million dollars in revenue, and they wanted like a $200 million whatever post-money Series A. It was just so crazy.

I was like, look, you guys haven't started the company before.

I was like, look, you guys haven't started the company before.

I have.

I have.

Not to like pull the old bald guy card, but like your Series B, like even if you have $20 million in revenue, you're fucked.

Not to like pull the old bald guy card, but like your Series B, like even if you have $20 million in revenue, you're fucked.