Paul, thank you for sharing your story. We listen to so many bad experiences about startups “needing” to burn the money they got. It is so refreshing to hear that one doesn’t need to follow that path.
We are (to a scale) in a similar situation, and we’ve felt anxious about what to do with the money. It’s great to find some validation that we can wait, that we are irresponsible for not spending that money right away.
Thanks a lot.