Moral: (as Misha Sobolev · Harvard Business School sums it up in the comments):
- go with as few founders as possible.
- get to cash flow positive with fewer rounds.
- bootstrap till you get product/market fit and learn what your engine of growth will be before raising so that you pre- is higher... did I miss anything?
Arun Natarajan is the Founder & CEO of Venture Intelligence, the leading provider of data and analysis on private equity, venture capital and M&A deals in India. Click Here to learn about Venture Intelligence products that help entrepreneurs reach out effectively to the investing community.