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Yea, I think we're actually the same page. It sounded like you were saying that things like making the founding team more comfortable (i.e. paying down loans or
by nickpinkston 16y ago
Yea, I think we're actually the same page. It sounded like you were saying that things like making the founding team more comfortable (i.e. paying down loans or a wedding) weren't good investments - it sounded like a classic "arm-chair" type comment. But I think we're talking about two different things.
I think I'm still on the side of letting the founders take some money off the table, but not satiate their hunger. I like Mark Suster's article on this:
http://www.cloudave.com/1616/should-founders-be-allowed-to-take-money-off-the-table/ http://www.cloudave.com/1616/should-founders-be-allowed-to-t...
- tptacek 16y agoWhy is Thomas making so much noise on this thread? (a) Because he is addicted to arguing about things on Hacker News. (b) Because he takes pleasure in pointing out how ruthless the venture capital funded startup environment actually is. (c) Because he believes that people who factor their blood, sweat, and tears into how they should be treated by investors have set themselves up for otherwise avoidable heartbreak. (d) All of the above.
- eviltptacek 16y ago(a).