Founders who are too comfortable (past exits or high TC) tend not to be hungry hustlers willing to strive to get over the finish line (mandatory sports metaphor). The people who are hungrier tend to be: recent immigrants (sorry Americans), people who are broke, people who exited another career like military esp. spec ops, sports, or racing.
Founders should help themselves by reducing their personal expenses to as close to zero as possible.
There's metric shittons of cash but there aren't a lot of investible teams onto something awesome with excellent timing. VCs and angels aren't just going to write larger convertible notes because you personally want more money. You must demonstrate business value that can be accelerated with varying amounts of cash and deliver when you get it, without giving away too much equity.
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Founders who are too comfortable (past exits or high TC) tend not to be hungry hustlers willing to strive to get over the finish line (mandatory sports metaphor). The people who are hungrier tend to be: recent immigrants (sorry Americans), people who are broke, people who exited another career like military esp. spec ops, sports, or racing.
Founders should help themselves by reducing their personal expenses to as close to zero as possible.
There's metric shittons of cash but there aren't a lot of investible teams onto something awesome with excellent timing. VCs and angels aren't just going to write larger convertible notes because you personally want more money. You must demonstrate business value that can be accelerated with varying amounts of cash and deliver when you get it, without giving away too much equity.