Part of Marc Andreesen's tweetstorm yesterday said, "Worry." Andreesen hasn't said "worry" since 2008, so between that and the fact that he is generally very bullish and optimistic (to the point that when A16Z makes a bet they can put in an order of magnitude more money than other investors would), I began to stress out more than a little bit, especially having just closed our round.

This may be anecdotal to my experience, but there was a time last year when the advice we were getting from mentors changed from, "Figure out how much cash you need to meet your next milestone and go raise that with a bit of cushion" to "Money is everywhere right now; get as much as you can and build the biggest war chest possible." Neither of these approaches are particularly wrong -- it would be weird to turn down money when it's on the table, but we opted to raise significantly less than what we could have raised, and keep our team where we wanted it instead of hiring enough people to become "sexy."

Part of that is because we didn't raise at a super sexy Y-Combinator valuation and didn't want to give away the farm, and part of that was intentional. In short, we wouldn't know what to do with those people if we had them.

To be clear, we still have plenty of money to get stuff done. We still can pay for all the tools we need, pay ourselves enough to not have to stress about cash, and can hire top talent. We just don't have more money than we know what to do with.

We have three people working full-time on product right now, and that will grow to five in the next few months. If we had raised a $3 Million seed round (if you can still call that a "seed"), we would have felt compelled to go hire a dozen people. I can think of stuff we'd like to do, but it would probably be an absolute mess if we were building it all in parallel.

There may be some companies for whom building a huge war chest makes sense, but the notion of raising money for the sake of raising money (because you can) seems odd and dangerous to me.