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In the end you as a founder have to realize the VC is not there in your interest, but in its own. If you agree to a deal which gives huge incentive to fire you
by tybris 16y ago
In the end you as a founder have to realize the VC is not there in your interest, but in its own. If you agree to a deal which gives huge incentive to fire you and leave you with a much smaller share, you're either desperate or stupid. Make sure your VC is not your bank, your laywer or your accountant or your owner. Just your investor.
- asdflkj 16y agoHistory is full of precedents where a certain kind of deal routinely has the parties trying to screw each other, and then gradually this kind of deal becomes based on trust, and everyone is better off. Attitudes like yours get in the way of this process. If you're a founder and a VC screwed you, you may have made a mistake, but you're not "stupid" and you should warn others and not be overly embarrassed about the whole thing.