20VC: Why Founder Mode is Dangerous & Could Encourage Bad Behaviour | Why Fundraising is a Waste of Time & OKRs are BS | Why Angel Investing is Bad for Founders to Do and the VC Model is on it's Last Legs with Zach Perret @ Plaid

1554.706 - 1574.698 Zach Perret

And then we pivoted to build this infrastructure piece, which was basically the back end to our previous product. And that was actually a really good idea. But when we were trying to raise from people, everybody said no to us. We actually lined up this early funding round. It's a 500K funding round at a $2 million valuation. And the lead investor for this funding round backed out.