Should We Raise Capital?
Chenmark’s founders reflect on why they never took a $20 million external fund between 2015 and 2019, opting instead to bootstrap their hold‑co model. The lack of capital forced disciplined cash‑flow reinvestment, lean talent acquisition and a culture of shared risk. While external money could have accelerated scale, the team values alignment, long‑term equity compounding and preserving the company’s soul. Today they remain comfortable with slower growth, viewing early constraints as a formative advantage.
The Benefits of Exhaustion
The article argues that purposeful exhaustion can enhance learning and creativity. It cites a desert survival course where participants retain fire‑making skills better after sleepless nights, and the Saturday Night Live writing routine that leverages late‑night fatigue to lower inhibition...
