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Interesting. Just watched a Ben Horowitz interview containing the paraphrase quote "it's all rainbows, smiles and sunshine until someone stabs you in the back."
by wantreprenr007 11y ago
Interesting. Just watched a Ben Horowitz interview containing the paraphrase quote "it's all rainbows, smiles and sunshine until someone stabs you in the back."
People tend (not always) have habit of changing when valuations increase, another reason trust and relationships pre-venture are more valuable for when things get interesting.
Consider it a cheap lesson overall about gradual ebb/flow of trust, and that people's (mis)behavior either self-selects them in or out of the running for future opportunities... their punishment is their lives.
- brightball 11y agoWisdom here: > Consider it a cheap lesson overall about gradual ebb/flow of trust
- newman314 11y agoOr as I read somewhere: "Money does not change people, it merely amplifies who they really are"
- wantreprenr007 11y agoIt's perceived risk/reward opportunity for getting away with something (ethics)... better to test a potential cofounder beforehand (know them well before) than find out later with random founders that could be crooks. Plus, having overlapping social ties with cofounders, investors, customers, etc. tends to reduce trust and risk issues because their reputation means something. Another thing I say: a contract or any agreement is only as good as relationship on which is written.