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Shows how important family support is when building a company. Not knowing about the VC process, what's the implications for the investor in this - were you no
by garethsprice 15y ago
Shows how important family support is when building a company.
Not knowing about the VC process, what's the implications for the investor in this - were you not on the hook to deliver? Is the investor not upset that you bailed because your parents ordered you back to school?
- rgyure 15y agoWhile the investor incurs some liability for a situation like this, it's important to build a solid team from day one. A business will soon become bigger than any one person and be able to continue and thrive.
- marcanthonyrosa 15y agoAgreed. A company is not one person, and if it is, something is wrong with the company.
- marcanthonyrosa 15y agoIt was a lose-lose situation once the parents became definitive. Ultimately, our investor took the long-term view on this situation. Hopefully, I'm going to be doing this for years, so take the hit now and finish everything up. Lose-lose nonetheless. Thanks for all of your comments.