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This is very good to know! As a founder dealing with VCs I feel like a puppy that fell in a shark tank. It would be enormously relieving to know before a meeti
by abbasmehdi 16y ago
This is very good to know! As a founder dealing with VCs I feel like a puppy that fell in a shark tank.
It would be enormously relieving to know before a meeting that they are a) not trying figure out how to boot me out of my own company, b) not going to force me to make decisions that might make a quick buck in the short run but hurt the company in the long run (if I'm in it for the long haul), and c) not going to structure the deal in a way that they get unfairly larger returns on their investment and leave me broke (reminds me of a line from the Kanye West song Gold Digger - "Win the Super bowl and drive off in a Hyundai". ;)
- pg 16y agoIt depends on the VCs. So far only the top VCs have realized it's best to leave founders in control. Below the top 15 or so, their thinking is 5 years behind. Plus lower ranking VCs tend to be less scrupulous generally.
- abbasmehdi 16y agoThat’s a great start! I have faith in the concept rolling downwards from the top VCs into the minds of the rest. As founders we’re already a paranoid bunch, having one less (huge) thing to worry about is a breath of fresh air, allowing us to focus on the company.
- asadiqbal 16y agoWhy We Prefer Founding CEOs: http://bhorowitz.com/2010/04/28/why-we-prefer-founding-ceos/ http://bhorowitz.com/2010/04/28/why-we-prefer-founding-ceos/