Happy Friday!
On my mind this week: most entrepreneurs fear the wrong thing.
Growth is fun. Failure sucks. But the absolute worst thing that can happen is being stuck in something that's not-quite-growing-but-not-quite-dead.
"We haven't monetized this yet but I've been working on this for almost a year! I'm gonna figure this out." π©π©π©
This is true for investors too: the worst case scenario is having your money tied up in a company that's not-quite-growing-but-not-quite-dead. (PSA: we write the investment off way before the founders tell us about the impending wind-down.)
Anyway, your time is the most valuable asset you own. Act accordingly. π«
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New episode: New Investment or Follow-On? What Investors Are Thinkingβ
This week, we talk about 2024 layoffs (30,000+ already!!) and how we think about investing in a new company versus making an additional investment in an existing company.
Grab it on Apple Podcasts or wherever else you listen to podcasts -- and let me know what you think! ππΌ
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Can I speak at an event in your city?
If there's something related to entrepreneurship, venture capital or healthcare happening in your neck of the woods, count me in! Hit reply and let's get the dates on the calendar ASAP. ππΌ
If you're around, I'd love to meet you IRL:
Bonus: if there's a good donut place in town, I bet I can pull at least one other angel along too.
Hit reply and let's talk!
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Thatβs it for now, have a great weekend!
-P
I run Results Junkies. We invest our own capital into ~200 new companies across North America each year. I write about growing your startup, career and/or business... everywhere else. Join 1,000,000+ other Results Junkies now.
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