Maya Kosoff at Business Insider has some nice insights today from Fred Wilson on why raising too much capital is a bad idea: "A seed that gives a company four years of runway, what does that say? It means the people raising the money don't think they're going to make it in a year," he says. "It's a bad signal that an entrepreneur would be willing to take four years of dilution when what they really should do is take a year of dilution and then in a year increase their value 3x. It means they don't know what they're doing, or that they don't have confidence that what they're doing is going to work." (see Fred's article here: http://tinyurl.com/nm9vogp). Great perspective from one of the great investors of all-time.