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"Bribe, payoff...." How disgusting. He seems to feel entitled to ride on the coattails of entrepreneurs and bet on them as if they were racehorses. It is ridi
by daniel-cussen 19y ago
"Bribe, payoff...." How disgusting. He seems to feel entitled to ride on the coattails of entrepreneurs and bet on them as if they were racehorses.
It is ridiculous to compare buying part of the company from the entrepreneurs to bribing them. A bribe entails a betrayal of trust. According to Ron, the entrepreneurs are betraying the company by accepting money. But the entrepreneurs are the company and are the shareholders. There is no betrayal of trust.
The entrepreneurs are suddenly getting better offers and "first-tier" VCs can't keep giving them raw deals. So of course Ron is sad. It looks to him as though the good old days are fading away. If this trend continues, the entrepreneurs will be able to get the company to achieve their own, more modest goals. They won't have to strike out when swinging for the fences in order to make VCs happy.
Forgive us for not wanting to be your slaves, Ron.