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I agree with you. The people you back hopefully have inherent hunger and achieving some measure of financial success should not slow down their drive. Do we kn
by arach 15y ago
I agree with you. The people you back hopefully have inherent hunger and achieving some measure of financial success should not slow down their drive.
Do we know about the dudes or dudettes who started a promising company but started relaxing after sales hit 10M$?
What you could do to keep the incentive: keep the liquidity money in a trust that is accessible only after (a)a making big exit (b) hitting a key company milestone or (c) shutting down the company.
This way the founders can make sure it's not a big game of double or nothing while the VCs can make sure the founders aren't shooting rap videos instead of kicking ass.