investments. But $Xm in marketing spend from a happy VC just makes finding that fit harder.”
And there are exit implications too. If you are a company heavily funded by captive sources, public markets will automatically become concerned, thinking you haven’t come to the public markets after passing through all the hoops — they assume you bought all your customers with money and the funding was not democratic.
2019 has been a year of hyperfunding of startups in India. Huge