HOW STARTUPS LOSE THEIR EDGE

Summary from the TLDR Founders newsletter

In football, "prevent defense" is a strategy used to protect a lead. It usually backfires. This same mindset kills startups. When an IPO gets close, founders often stop playing to win and start playing "safe." They hire people with impressive resumes who dilute the culture and turn product building into a committee process. The moment you stop doing the weird, risky things that got you traction is the moment you cap your outcome.