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Indeed. I guess I should say, I understand the appeal for investors, I just don't get why so many founders are getting suckered into it. I suppose the investor
by PhasmaFelis 8y ago
Indeed. I guess I should say, I understand the appeal for investors, I just don't get why so many founders are getting suckered into it.
I suppose the investors are selling them a dream of fame, fortune, and early retirement, shored up with the implication that "if all these financial wizards want to invest in me, I must be on the right track." The fact that the investor expects most of his investments to fail, because he only needs one big success to wipe out all the failures, is glossed over.
- chii 8y ago> I just don't get why so many founders are getting suckered into it. because they either don't understand what's being done to them (after all, VCs can be very smooth talking), and the prospect of faster wealth gains for the founders also doesn't help.