Why too much money is worse than too little
Many entrepreneurs believe that they key to success is adequate (or more) capital. I think they’re wrong—too much money is worse than too little. It’s because spending expands to the level of money that you’ve raised. I explain the hazards of too much money for the American Express Open Forum.
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Guy Kawasaki is the chief evangelist of Canva, an online graphic design tool. Formerly, he was an advisor to the Motorola business unit of Google and chief evangelist of Apple. He is also the author of The Art of Social Media, The Art of the Start, APE: Author, Publisher, Entrepreneur, Enchantment, and nine other books. Kawasaki has a BA from Stanford University and an MBA from UCLA as well as an honorary doctorate from Babson College.
The link doesn’t work (anymore)– here’s the correct one: https://www.americanexpress.com/us/small-business/openforum/articles/why-too-much-money-is-worse-than-too-little-1/