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My startup banking story (2023)

(mitchellh.com)
336 points dvrp | 1 comments | 28 Aug 25 19:38 UTC | HN request time: 0.2s | source
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ungreased0675 ◴[28 Aug 25 23:02 UTC] No.45058009[source]▶
I’m curious why this company raised money, only to park it in a bank account? What was the raise for?
replies(2): >>45058134 #>>45058362 #
1. wmf ◴[28 Aug 25 23:55 UTC] No.45058362[source]▶
Pretty much the best case for a startup is you don't need money -> VCs are begging to invest -> you take the money just in case -> you never need the money. Especially if it's a top tier VC the PR from raising is worth the dilution.