“There is almost always a chicken-and-egg problem when starting a business. The very act of hiring an engineer may be just the last push needed to get a fundraising round done and secure the next few months for a startup. We can rationalize startups all we want, and read the cap table and preferences and run exit scenarios. But at the end of the day, we all have to believe in the success of a business in order for it to become true. Success is built, not modeled.”

From “Startups And The Big Lie” by Danny Crichton on Techrunch. Loved it.