4 ms·
My thinking has changed on this. I think investors shouldn't get a free option on every idea a founder ever has; after a few pivots and rounds I think a clean
by sama 11y ago
My thinking has changed on this. I think investors shouldn't get a free option on every idea a founder ever has; after a few pivots and rounds I think a clean start is often a good idea.
- shostack 11y agoWhat is the best way for founders to structure their pivots then in your opinion?
- tomasien 11y agoThere's a lotta grumbles about Sam and YC taking this stance at VCs these days. FWIW I think it's about right but SO hard to judge.
- jeffwass 11y agoWhat if the investors were also mentors that helped guide the startup to a particular potentially-successful pivot?
- _sentient 11y agoThat's interesting. I'm guessing the investor complement to this would be the option to get your money back if a company chooses to go in a wildly different direction? I've seen that sentiment around more of late, possibly as a result of the glut of seed-stage startups who are pivoting after failing to raise an A.