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Of course you don't, but someone offering to make you a multi-millionaire is hard to say no to. I imagine. I've never been in the situation unfortunately.
by onion2k 5y ago
Of course you don't, but someone offering to make you a multi-millionaire is hard to say no to. I imagine. I've never been in the situation unfortunately.
- throwaway12509 5y agoGenerally it's not you making the decision but some investor who needs to close out a 10y fund and can force the sale through some nasty term in the SHA. In a unicorn situation, the founder will generally take money off the table early and will be okay regardless. Just look at WeWork.
- Silhouette 5y agoIt certainly is, but in the US there have apparently been enough incentives for some founders not to accept an offer at that level. Some of those founders have gone on to build their businesses up to billion-dollar valuations, with dominance in their field, and now they've become the ones doing the investing and acquiring for the next generation of tech businesses. We have almost none of that in Europe, and I think it's important to ask why. I don't believe we lack people with ideas, skills and entrepreneurial instincts, and that means something else is getting in the way.
- jbverschoor 5y agoName some in the EU
- Silhouette 5y agoSome of what?