Hi @ashmaurya —love your work. Following up on @lejlahunts question above. In the Bay Area (as well among the overarching American startup community) the acquisition of external funding is often lauded as a "success" milestone. How do you think this kind of thinking contributes to the way startups think about their market growth and business models?
@melissajoykong I write about this a bit in Running Lean: External funding is not market validation. It is not traction.
Traction is only measured by repeatable actions your customers take that leads to future monetizable value.
Unless you have your business model close to pm fit, raising money should not be cause for celebration, but a reality check tha…See more
