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Perhaps a better metaphor would be a startup entrepreneur that takes VC and then folds the company when he doesn't like it anymore. He'd be in pretty hot water
by joncp 7y ago
Perhaps a better metaphor would be a startup entrepreneur that takes VC and then folds the company when he doesn't like it anymore. He'd be in pretty hot water for a stunt like that.
- OnlineGladiator 7y agoIt certainly depends on the context, but it's not unheard of for founders to realize their startup isn't experiencing hypergrowth and to shut down the company and return what's left of the money to investors. Usually investors are happy to get some money back versus none. Of course on the opposite end of the spectrum you have Adam Neumann, who engineered his way to being a billionaire with VC money for a company he seemed pretty happy to jettison once it was convenient to do so.
- wutbrodo 7y ago> a company he seemed pretty happy to jettison once it was convenient to do so. He was forced out. This is not what the word "jettison" means
- OnlineGladiator 7y agoHe was bought out.
- wutbrodo 7y agoYea, that's the mechanism by which you're forced out when you hold equity. I'm not saying that he didn't make out like a bandit, but mood affiliation isn't an excuse for making false claims, and claiming that he "jettisoned" the company is flatly false.