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Maybe that is a lesson learned for investors if the founder wants to be bought out early. I bet things would have turned out better if he had all his eggs in th
by hop 16y ago
Maybe that is a lesson learned for investors if the founder wants to be bought out early. I bet things would have turned out better if he had all his eggs in the basket still.
- zck 16y agoIt's not uncommon to partially cash out the founder in funding rounds. If the founder gets some cash, ey is less likely to push for an earlier exit. Eir goals are more aligned with the VCs, looking for a larger exit.
- bapadna 16y agoThis doesn't make any sense. If you want your founder to swing for a long ball, you have to free him to do so. A partial payout means his utility curve looks a lot more like yours, which is a good thing.