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Your point is valid but somewhat exaggerated. There should be some companies somewhat in the middle of the two extremes you've laid out. Companies that are rea
by weliketocode 8y ago
Your point is valid but somewhat exaggerated.
There should be some companies somewhat in the middle of the two extremes you've laid out. Companies that are reaching product market fit but still have a high level of uncertainty.
Note, I'm not saying this structure will necessarily see huge demand. But I also don't believe the terms are completely out of reason.
- tylertringas 8y agoExactly. Like all forms of investment, it's not for every founder, every business at every stage. Our canonical example is a technical founder who has a full-time job or full-time consulting, built a product on the side with ~$3k MRR, a great potential a company and is faced with (1) go full-time now and eat through lots of savings to get it off the ground or (2) work on it nights and weekend for 18 months. Our proposition here is to provide capital and resources to compress 18 months of nights & weekends into 6 months of full-time work to get the company off the ground.