The logical fallacy in the original post discussed is simply here:
> Therefore: startups shouldn’t raise money.
The therefore doesn't apply. The original post makes a good argument that there is a certain detriment to raising money. But he doesn't actually proof that this detriment outweighs the benefits of raising money.
> Therefore: startups shouldn’t raise money.
The therefore doesn't apply. The original post makes a good argument that there is a certain detriment to raising money. But he doesn't actually proof that this detriment outweighs the benefits of raising money.