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An investor-founder relationship is akin to a boss-underling relationship. In many companies, sleeping with each other is forbidden if one is a direct report of
by Mz 9y ago
An investor-founder relationship is akin to a boss-underling relationship. In many companies, sleeping with each other is forbidden if one is a direct report of the other and this is the right way to handle it.
If two founders of different companies happen to meet at a conference, there is nothing inherently wrong with them dating (assuming it doesn't cause some kind of conflict of interest due to their businesses). But an investor-founder relationship needs to be platonic.
Think of it from this angle: You are a heterosexual man pitching a bunch of heterosexual men to get money for your startup. The industry standard is that investors can sleep with founders that are pitching them. If some woman comes in, sleeps with all the investors on the board and gets scads of money for her startup while you get turned down because there was not enough money for both, are you totes happy with that outcome?
The reasons for disallowing an investor-founder romance go far beyond protecting women from predatory male behavior.
- solotronics 9y agoYour example is a bad one. I don't see why its anyones business how an investor chooses to spend their money. If they are fools and invest in only people they sleep with who cares?
- Mz 9y agoIt is actually just a logical outcome of a policy that investors absolutely can sleep with people they are investing in. You may not care, but most of society does care. They want money to be invested in products that will do good things for the world, not in products started by people who are simply willing to sleep their way into power. If rich people want to pay for sex, they can hire sex workers. This is not a good way to do business and create something of value. It means the wrong products are getting funded for the wrong reasons.
- solotronics 9y agoso you are basically saying we should decide how people spend their own money? I don't buy it.