Powerful framework! The insight that 'capital flows to where it is protected' realy crystallizes why so many developers stall at the growth stage. Your point about fixing the current pipe before expanding it is spot-on—too many rush to build development teams without addressing governance gaps. The distinction between selling a dream, potential, and certainty across maturity stages is an excelent lens for understanding investor expectations.
Powerful framework! The insight that 'capital flows to where it is protected' realy crystallizes why so many developers stall at the growth stage. Your point about fixing the current pipe before expanding it is spot-on—too many rush to build development teams without addressing governance gaps. The distinction between selling a dream, potential, and certainty across maturity stages is an excelent lens for understanding investor expectations.