from Paul Graham | by Paul Graham

I've now met several companies with 20 years' runway, because they raised giant rounds when valuations were crazy a year ago, but haven't hired much. Never saw that before.

Some say their investors have been pressuring them to hire more people, as if that would automatically cause growth. I tell them to ignore their investors.

My default advice about hiring is to hire someone if and only if the lack of that person is the main thing holding back your growth. That doesn't change just because you have a lot of money in the bank.