"Lean" vs. "fat" is orthogonal to "steady growth" vs. "moon shot".
Again, think of it this way: the runway is 18 months, whether you took 2MM to "go lean" or 15MM to "go nuts".
The fact that you're hiring slow has nothing at all to do with the economics of a venture capital fund. The fund wants your company wrapped up within a fixed time frame either way.
2 great things about "lean": (1) it enables some companies to find their market without ever needing VC, and (2) it sets some companies up to confidently shoot for the moon with a validated market. Lean is helpful. It just doesn't change the mechanics of VC investment.
(I voted you up; someone voted your comment down, which is annoying, because it's a good comment.)
Again, think of it this way: the runway is 18 months, whether you took 2MM to "go lean" or 15MM to "go nuts".
The fact that you're hiring slow has nothing at all to do with the economics of a venture capital fund. The fund wants your company wrapped up within a fixed time frame either way.
2 great things about "lean": (1) it enables some companies to find their market without ever needing VC, and (2) it sets some companies up to confidently shoot for the moon with a validated market. Lean is helpful. It just doesn't change the mechanics of VC investment.
(I voted you up; someone voted your comment down, which is annoying, because it's a good comment.)