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There are lots of businesses where it's really easy for founders to cash out - profitable businesses! I'm not even trying to be one of those HN commenters that
by tomasien 11y ago
There are lots of businesses where it's really easy for founders to cash out - profitable businesses! I'm not even trying to be one of those HN commenters that bemoans the cashflow negative startup ecosystem (lots of ways to build a business), there are tons of profitable businesses whose founders cash out large amounts of stock regularly.
The category of VC that wants founder secondary and the category of VC that likes loss leading consumer facing businesses are not well aligned.