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I understand DotCal's David that more money allows you to do more experiments. But I'm not so sure that's true. I've worked at several startups and there is so much money waste. There's no thought about whether something needs to be purchased. There was "clean-up" day at one startup where I worked and they threw out unopened beautiful items into the dumpster that I later rescued for my home lab. Another startup where I worked of about 40 engineers purchased around 10 expensive heater ovens because they didn't realize the other groups had already made a purchase. That's just one minor example. The company folded, they ran out of money. Yes, spend the money but I think it's important to have a sense of discipline about it. I am currently funding my own company to de-risk a medical device before putting it in front of investors. We run leanly and creatively and I'm super proud of what we've accomplished. I am at the point where we will need a few million to get to the next milestone. That's way outside the scope of what I can fund, so now makes sense to look for external support. But we are doing much of the de-risking. Maybe this is the wrong approach but I am hoping there are many paths to success. I think Qleek would have succeeded, accept for a series of events that forced a lot of companies (big and small) to fold.

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