2 ms·
Ideas are a dime a dozen, but workmanship costs real time and money. No sane investor will touch a company that lacks the resources to complete their project.
by Joel_Mckay 4y ago
Ideas are a dime a dozen, but workmanship costs real time and money. No sane investor will touch a company that lacks the resources to complete their project. The number one warning sign a company is doomed, is when the senior technical staff jump ship.
Also, many successful co-founders end up hating each other by the end of a project, and often end up in epic legal battles. Getting your contracts clearly settled early does help prevent tax shenanigans that can hit a small firm hard. Example: if an ex-employee claims dependent contractor status on a return, than a business could be on the hook for a $70k government tax/pension bill.
Founders syndrome is an ugly disease, that quickly rots a firm back into a $90k glass-ceiling business. ;)