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I wonder if an entrepreneur with less connections and not a part of YC would get that $1 buyout deal. I would think the default would be ousting the founder an
by super-serial 8y ago
I wonder if an entrepreneur with less connections and not a part of YC would get that $1 buyout deal. I would think the default would be ousting the founder and selling the assets. Then the founder would be left with nothing. They'd have no lifestyle business, even though they could have had one if they never took VC.
- mdonahoe 8y agoIf he only did a series A, I doubt he gave up enough control to get ousted.
- jessaustin 8y agoLooking back, I’m glad we didn’t hit those numbers. If we doubled down, raised more money, and appeared in the headlines again, there was a very real possibility it would only lead to a more spectacular failure. Hmmm, reading between the lines, you seem to have a point...