Faster Not Fat

I can't sleep.  And it made me think of this theory that I have heard from time to time over the past sixty days or so.  "I'll sleep when I'm funded" or something to that effect.  It's the result of a Russell Jurney asking Hacker News "how much do you work?"

Here's some news of my own.  Regardless of the results of the poll, the mean was 57 hours and the mode 60, no investor wants to fund a company so that the founders can sleep more.  And any startup that has employees that work less than 50 hours a week is not managing their employees correctly or their funds frugally. 

Investors fund startups to capitalize on an opportunity.  So they can go grow.  Only in the instance where new management is brought in as a part of the funding event have I seen a founder of a funded startup work less rather than more after a funding event.  I have been confidentially asking quite a few funded CEOs if they work less as a result of their funding event.  Every one said they work more.  They might be more efficient because they can afford some things to make them so, but they work no fewer hours.

Investors don't want you to take a break when they fund you.  They want you to go faster.  They will tell you to go faster.  They will demand you go faster. 

If you get funded you are not going to get fat.  You are going to go faster.

September 17, 2009  |  Comments  |  Tweet  |  Posted in Entrepreneurship, Startups, Venture Capital