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YC

Y Combinator Cast

04/28/17

@ Y Combinator

Don't misuse investor funds; spend wisely and avoid extravagant expenses like gambling.

Video

YC

Legal and Accounting Basics for Startups with Kirsty Nathoo and Carolynn Levy (HtSaS 2014: 18)

@ Y Combinator

Legal and Accounting Basics for Startups with Kirsty Nathoo and Carolynn Levy (HtSaS 2014: 18)

04/28/17

Related Takeaways

MS

Michael Seibel

05/07/22

@ Y Combinator

Investors won't force you to burn cash, but it's important to remain cautious and not react impulsively to suggestions that might lead to unsustainable spending.

KN

Kirsty Nathoo

04/28/17

@ Y Combinator

Founders must use investor funds responsibly to build the company, as misusing these funds can lead to severe consequences, including losing investor trust and support.

GR

Geoff Ralston

02/07/18

@ Y Combinator

Don't try to be the last money in; it shows a lack of confidence in your investment decision.

BF

Brad Flora

02/13/25

@ Y Combinator

Founders should communicate transparently with stakeholders about spending, especially after raising significant funds, to avoid misallocating resources.

GR

Geoff Ralston

02/07/18

@ Y Combinator

Don't sweat the small stuff when angel investing; focus on the potential for big wins instead.

YC

Y Combinator Cast

03/07/18

@ Y Combinator

As an investor, be prepared to take risks and accept that you might look foolish or be wrong about your investment choices.

MS

Michael Seibel

07/08/22

@ Y Combinator

Founders should be cautious about spending money before achieving product-market fit; it's essential to be disciplined with finances in the early stages.

KN

Kirsty Nathoo

04/28/17

@ Y Combinator

When considering expenses, founders should ask themselves if they would feel embarrassed explaining their spending to investors; if so, it likely isn't a legitimate business expense.

RD

Ray Dalio

02/07/25

@ Peter H. Diamandis

Investors should be cautious about taking on too much debt and should plan for realistic growth to navigate potential economic downturns.