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Hope is not a strategy, unfortunately. The counter-argument to 'hungry' is to stress that hungry entrepreneurs generally want to take smaller acquisition offer
by 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.