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LP Uncovered · Alex Tonelli, Endurance Companies

The Mafia Deal Advice

“We nearly died in the funding circle days by not doing the mafia deal... closed a round with $16 in our bank account.”

Transcript

what I would advise somebody to do independent of us is do the mafia deal. And, you know, it's kind of interesting because we nearly died in the funding circle days by not doing the mafia deal because we had various opportunities for people who were trying to extract what we felt was like unreasonable terms at the time. And we kind of held out for a

better deal. Now, just because it worked out, I mean, we closed around with $16 in our bank account. And so, you know, when I use that number, it's like a very real, you know, we 've heard that we got lucky, I think, in many ways. And we sort of overcame some of the

decisions that we made that I would make again. One of those, which was obvious, was I realized

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