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Gee, not even $500k or a mil? My heart breaks for them. This is why VC's are called vultures. They claim they want you to have skin in the game, yet the foun
by segmondy 8y ago
Gee, not even $500k or a mil?
My heart breaks for them.
This is why VC's are called vultures. They claim they want you to have skin in the game, yet the founders get screwed. I know folks are thinking but the VCs are not making much, so what? Their entire game is to make it all up from another startup 100x which is why they take massive equity for $$$ invested.
- ericb 8y agoArguably, this is why this may be a foolish move for them. If the next 100xer avoids them based on a history of penny pinching on non 100x deals, they've been penny wise and pound foolish.
- brudgers 8y agoKKR is a private equity firm not a venture capital firm. The investment philosophies are different.