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Thanks for the comment. In regards to my Dad, he truly believes in the idea and he is of the opinion that if I take it to the VC's who now own the company that
by zbruhnke 16y ago
Thanks for the comment.
In regards to my Dad, he truly believes in the idea and he is of the opinion that if I take it to the VC's who now own the company that acquired me they will take it and be the ones who make the money.
I believe in my idea whole heartedly and in my mind there is no way it will not work, but I am also very hard on myself and I know if for some reason this venture failed I would feel terrible and probably even morally obligated to pay back the money even though it would be a total loss for me.
Does that make any sense at all?
- gyardley 16y agoBased on this, don't take the money. Use your own money instead.
- gommm 16y agoSo the other question, is how would you or they feel if you didn't take the money, took money from another inverstor and became successful? Would they feel bad that you refused their money when offered in good faith?
- zbruhnke 16y agoThat is exactly what my other reservation is ... my Dad especially would be too proud to invest after success at anything below the current valuation of the company (which could obviously be very high at that point) because he would feel like someone was giving him something and he is a man who works hard for everything he has made and simply does not believe in handouts. I would feel terrible if I took money from an outside VC and the company grew to even a $10-20M valuation knowing he could have gotten his money back tenfold but I would not let him.