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There is nothing wrong with taking money off of the table. In fact, if you want to strike it big... it's important to make sure that your management team is fin
by kanamekun 15y ago
There is nothing wrong with taking money off of the table. In fact, if you want to strike it big... it's important to make sure that your management team is financially secure:
http://learntoduck.com/startups/it-all-changes-when-the-founder-drives-a-porsche http://learntoduck.com/startups/it-all-changes-when-the-foun...
Andrew Mason was fairly explicit that taking a recent huge round was designed to "permanently solve the money problem":
(from the article linked below)
“For me, the reason to do this was to solve a binary life problem,” he explained.
In life, Andrew says, “You either have enough [money] or you don’t.”
“When people came with a lot of money to buy a very small percentage of Groupon and it was enough to permanently solve the money problem, why would I not want to do that?
“Now I can focus on making Groupon great.”
http://blogs.forbes.com/velocity/2010/04/19/groupon-ceo-andrew-mason-sold-stock-to-dst-to-solve-the-money-problem/ http://blogs.forbes.com/velocity/2010/04/19/groupon-ceo-andr...