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I took it as a normative justification. Lots of companies out there looking to get capital, why should I give it to you? Are you going to do something useful wi
by vinceguidry 8y ago
I took it as a normative justification. Lots of companies out there looking to get capital, why should I give it to you? Are you going to do something useful with it or are you just going to fritter it away?
- mwseibel 8y agoI agree with this comment. I think it’s too easy for founders to say - that shitty company over there got money so why can’t we get any. I want to reframe the conversation.
- wsy 8y agoReframing the conversation to make founders in this situation re-think their approach is very laudable, and you give very valuable and concrete advice. I still agree with the GP post that 'deserve' is an unfortunate choice of wording. It has the potential to again mislead founders, now in a different direction. Nobody deserves your investment (except some non-profit organizations). Fairness is no significant criterion for investors. You probably just give it to the founders with the best risk/gain ratio. The founders you want to educate might think that they now can say "I did what you suggested. Now I deserve your money". And they will again be surprised if "that shitty company over there" gets it instead.