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The reason many hope you'll succeed is that they hope to rise with you. With investors this incentive is particularly explicit. They want you to succeed because
by tppiotrowski 6y ago
The reason many hope you'll succeed is that they hope to rise with you. With investors this incentive is particularly explicit. They want you to succeed because they hope you'll make them rich in the process.
I'm more cynical. Investors benefit from the illusion of success, whether it is real or not. They can invest in something they don't think will succeed if PR and marketing can increase the valuation.
- ksdale 6y agoThis is true, but they would all prefer the real version to the illusion, and as an entrepreneur, you know if it's all smoke and mirrors or not, so it doesn't really matter if the investor believes in you or not, as long as they earnestly support you.