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Why does “The VC market has never been more founder-friendly” contradict the statement above that the outcomes are not so good for employees (who aren’t founder
by dan-robertson 5y ago
Why does “The VC market has never been more founder-friendly” contradict the statement above that the outcomes are not so good for employees (who aren’t founders)? Perhaps the VC market became founder-friendly by transferring upside from employees to founders. Or perhaps some other mix.
- aerosmile 5y agoA founder-friendly term sheet is not necessarily an employee-friendly term sheet, but a founder-unfriendly term sheet is 100% of the time bad for employees as well (low valuations, liquidation preferences, etc). All things being equal, as an employee you want to be in the company where the founder is laughing all the way to the bank.