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I am suggesting that an "Avoid the worst" strategy may be superior to "pursue the best" strategy because the absolute value of "the worst" is far inferior to th
by aaronblohowiak 16y ago
I am suggesting that an "Avoid the worst" strategy may be superior to "pursue the best" strategy because the absolute value of "the worst" is far inferior to the margin between this (suboptimal) option that he has and an optimal option that we may only imagine.
- trizk 16y agoThe only problem with this strategy is that 30% may leave you with nothing as the majority owner drives the company into the ground or fires you prior to vesting. You would be in a worse situation than 0 because you would have invested your time and energy. As entrepreneurs, we all know how demanding a start-up is. To be swindled is just not an acceptable result of effort. Edit: spelling
- aaronblohowiak 16y agoRight, i wouldnt give up control until i exited. i assumed two founders bringing in an investor who would take 1/3, so the two colluding founders would still have control.
- trizk 16y agoI think the op mentioned that the investor wants a majority stake. Otherwise, I agree assuming that you know your co-founder well enough that s/he dose not collude with the investor to oust you.