[Do Not] Raise As Much As You Can

Dick Costolo wrote a post on his fabulous "Ask The Wizard" blog about how much you should raise in your first round of venture capital. In the process, he tackes Marc Andreessen’s "raise as much as you can advice" and also get some of his math wrong.

But Ask The Wizard is not about getting anything perfect. Like Dick, it’s about getting it mostly right. And in my opinion that’s exactly what Dick does in this post. If you are an entrepreneur raising your first round of venture capital, I think this is a must read.