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Often, the founders are permitted to embezzle the last 5-10% of the capital by walk away investors. Sometimes, the founders own and profit from vendors to their
by aj7 10y ago
Often, the founders are permitted to embezzle the last 5-10% of the capital by walk away investors.
Sometimes, the founders own and profit from vendors to their venture, which dies.
Sometimes, a tiny, viable business is started within the venture, whose main business plan fails. The little business survives and feeds the founder and a few cronies.
Sometimes, the founder goes back to her lucrative university professorship which she was "on leave" from.
The founders never get hurt.
- davmre 10y agoSounds like a sweet deal. You should found a company!
- zeemonkee3 10y agoOften the founders have trust funds and connected families, so never have to worry a day in their lives about missing rent or going hungry.
- Carrok 10y agoAs a current founder in a startup, these comments are hilarious. Yea, I'm definitely a trust funder, my parents know the Kennedys, and I have at least 10 shell companies set up. /s In reality I'm broke because I've been taking an extremely low salary for almost a year now, my parents are about as connected as a pair of sea turtles, and my rent/next meal is a daily concern. Lot's of undeserved hate for 'founders' here it seems.