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Quite often investment is delivered in tranches where a chunk of the funds are delivered at different stages as milestones are met. Just like you don't get all
by caseysoftware 9y ago
Quite often investment is delivered in tranches where a chunk of the funds are delivered at different stages as milestones are met. Just like you don't get all the entire student loans at once, you get them year by year assuming your grades/extracurriculars meet the criteria.
- solatic 9y agoBut it's not like the children of rich parents end up less spoiled just because their inheritances are released to them over time in a trust fund. And would you really want your parents to be your venture capitalists? Your parents may not be focused on getting to a quick exit like most traditional VC investors, but if the whole point of them releasing the money in tranches is because they don't trust your inexperienced judgement, that's just a recipe for your parents second-guessing your every move as a founder. Children need to be able to fail, and quickly and safely recover from that failure - college, with poor freshman year grades and learning to live with less-than-perfect roommates and all the rest, is a much better way to impart that than letting your kids blow through a quarter million dollars with little more to show than a high school diploma at the end of it.
- caseysoftware 9y agoIf you're waiting until they're ~18 to teach them how to fail, YOU have failed. There are hundreds of cheaper, safer, and more responsible ways of doing that long before then.