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I thought the VC was generous here. But there's some benefit to being generous. How many future founders will read that blog? If you were a founder, would it
by feral 6y ago
I thought the VC was generous here. But there's some benefit to being generous.
How many future founders will read that blog?
If you were a founder, would it influence your choice of investor, to know if things don't work out, they will be magnanimous, rather than squeeze?
- dasudasu 6y agoI doubt they knew he would make a blog post with this many details. But still, good will can get around through word of mouth.
- ticmasta 6y agoHe mentions his VCs have always been available and engaged, so I think it's reasonable that they knew he would be open and public about the deal; he always has in the past.
- andygcook 6y agoBaremetrics and Josh are known for their hyper transparent blog posts. They even publicly share all their revenue metrics. It’s highly likely the firms knew Josh would write a blog post about the exact exit terms.
- RedditKon 6y agoExactly this. It isn't worth it for either of those funds to play hardball over $400k when hundreds of founders will read that, and will ultimately decide if they want the fund on their cap table for the next Uber/Lyft/Data Dog/Airbnb/etc. I said it before, but it's worth repeating - SV runs on relationships.