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Rand Fishkin's autobiography has a interesting few paragraphs about "rich founders" and why they are preferred over ones who want to "get rich" - in short VCs d
by jackgolding 8y ago
Rand Fishkin's autobiography has a interesting few paragraphs about "rich founders" and why they are preferred over ones who want to "get rich" - in short VCs don't want you to cash out ever - they want that moonshot.
- deanmoriarty 8y agoI just added the book to my Audible wish list, thanks for the suggestion, and your comment is definitely on point. I'll keep this piece of wisdom I am painfully learning for the rest of my working life, never do business with people who can afford to risk/lose much more than you, whether it be time, money or mental sanity.
- jackgolding 8y agoA lot of his argument against taking VC funding comes to what you say - they are playing with other people's money in a very risky way and choose you to invest in because they want you to go beyond the call of duty because you have everything to lose.