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I don’t know why this response devolved into defensiveness and personal attacks. I never said I was a founder, though I worked at a startup that Rabois invested
by tempsy 6y ago
I don’t know why this response devolved into defensiveness and personal attacks. I never said I was a founder, though I worked at a startup that Rabois invested in early.
Being an investor is not “hard work” in the same way it is if you’re a founder or employee. Anyone who says it is is lying.
- malandrew 6y agoSorry. Your comments came off as personal attacks on Keith and I mirrored your responses. I've worked heavily with VCs when I was the first employee at a startup that did well for a few rounds and they worked very hard to help us out. The only difference is that they lived better while helping out because they were already wealthy, but they certainly worked hard for us and for their other investments. You can be fiscally comfortable and still work hard. Now I'm not defending how much ownership they take relative to what they put in. Both us and our VCs worked hard. They just took a greater chunk of the equity because of the capital provided.
- deleted 6y ago[deleted]