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69 propositions
65 inferences
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Claim
The real test of a startup's success is revenue, not fundraising
Arguments
If it is true that...
A startup will be in a much stronger position if it can make it to profitability without raising any additional money
Then it must be true that...
The real test of a startup's success is revenue, not fundraising
Consequences
If it is true that...
The most important thing to understand about valuation is that it's not that important
and
The real test of a startup's success is revenue, not fundraising
Then it must be true that...
It will be easier to raise money at a lower valuation
If it is true that...
A startup will be in a much stronger position if it can make it to profitability without raising any additional money
and
The real test of a startup's success is revenue, not fundraising
Then it must be true that...
Fundraising is not what will make your company successful