Tag Archives: general catalyst

Why money is the fastest way to kill your startup, according to a CEO who sold a company for nearly half a billion dollars

Why money is the fastest way to kill your startup, according to a CEO who sold a company for nearly half a billion dollars

Yuchun Lee says he turns down or ignores multiple unsolicited offers each week from investors interested in funding his Boston-based software company, Allego. Lee says his reason for turning down investors’ cash is strategic: There are plenty of downsides to taking in too much money too soon. Yuchun Lee, the founder of the sales software startup , is no stranger to turning down investors’ cash. Since he founded his company five years ago, the Boston-based entrepreneur has turned away scores of interested investors and venture-capital firms, he […]

More info