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Everything PG says is true here. I would add: once you sell an iota of your company to a VC, your company is no longer yours. The VC will want to ensure they ma
by anonu 5y ago
Everything PG says is true here. I would add: once you sell an iota of your company to a VC, your company is no longer yours. The VC will want to ensure they maintain control over every aspect of your business - and of course the valuation, how you sell and when you sell. There is no concept of building a sustainable long-lasting business: you need to build fast and grow fast.
- sjtgraham 5y agoHow many times have you raised venture capital?
- fairity 5y ago> There is no concept of building a sustainable long-lasting business: you need to build fast and grow fast This is actually incorrect. You're, more or less, in full control of your business until you give up control of the board. Founder-controlled boards are common place after a series A and even series B (if you're in a strong negotiating position).
- boringg 5y agoThis doesn't resonate as accurate at all to me. VC certainly would have an strong interest in protecting their investment and helping it grow. Unless you've given up a significant amount of your company they don't have ownership control and you also have a board (which I would assume you haven't handed over control of). Again depends on the structure of your deal(s).