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5. On the capital raising front, venture capital should be the exception rather than the rule.
Maveron • Casper Aside, Consumer Brands are Thriving
Benchmark Part I
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7. Only in rare circumstances does it make sense to raise significant institutional capital for a consumer brand early.
Maveron • Casper Aside, Consumer Brands are Thriving

ma Capital ($100k) Sequoia Arc (Variable) a16z Speedrun ($750k) LAUNCH ($125k for 7%)