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Couldn't agree more! I constantly see startups underestimate the amount of time it will take to raise and then make suboptimal decisions because they are in a rush

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It's also a bummer when startups don't factor the time it takes to fundraise into their calculations when figuring out how much cash they need.

Live and learn, I guess.

David Lee had a good recent post on this: http://daslee.me/6-months

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