3 ms·

Any investor who would be against letting a founder draw because he wants the founder to remain "hungry" is a manipulative asshole. I hope these don't exist in

• gyardley 17y ago
  Hope is not a strategy, unfortunately. The counter-argument to 'hungry' is to stress that hungry entrepreneurs generally want to take smaller acquisition offers than their VCs - and if the VCs block a life-changing deal for the entrepreneur, they'll be stuck with an angry and demotivated executive team. Certain VCs are quite receptive to this argument. One of our own investors often complains that one of their investments exited too early, and that they should've just given the founder(s) a million each so they could buy a house.
• gruseom 17y ago
  a manipulative asshole That's unfair. There is a legitimate debate on this question. F stock runs largely against SV tradition, and presumably there isn't a lot of data yet on its long-term impact.
• Eliezer 17y ago
  It's not a question of manipulativeness. A manipulative mind would recognize that this strategy is unlikely to have good results. I would guess that this is more about investors wanting to feel superior and have the founders coming to them begging for pennies and scraps now and then. People do so love high status.