Nathan Wailes - Blog - GitHub - LinkedIn - Patreon - Reddit - Stack Overflow - Twitter - YouTube
Get powerful allies to fund / protect you if necessary
- Uber:
- Uber did this by:
- raising money from Google and top VC firms
- raising a huge amount of money
- Contrast Uber's approach with Taxi Magic's, where they grew by themselves but then were overtaken by the powerful VC-backed Uber.
- Each dollar of capital is like a soldier, and a collection of capital is like an army; you have to always be aware of the other armies out in the world that might come after you if you discover some new profitable area.
- Uber did this by:
- That pharma startup did this by getting powerful government people on their board
- Palantir did this by having In-Q-Tel as an investor, and that powerful government-VC-firm as investors.