“Rather than having their capital cannon facing me, I’d rather have their capital cannon behind me, all right?”
What happens if I decline and SoftBank funds my rival instead? [Dara Khosrowshahi, Uber CEO / source]
Pretty much true for founders who have raised Series A onwards. So if you are raising funding, do understand that you are just hitting a treadmill and you are just supposed to run. And run.
Infact, this is the biggest implication of Softbank’s $100Bn fund – you better take it or..