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Not always true. There is the rare founder who is an "empire builder"-- the kind of guy who wants to do crazy ambitious things like build a railroad across the
by webwright 18y ago
Not always true. There is the rare founder who is an "empire builder"-- the kind of guy who wants to do crazy ambitious things like build a railroad across the country (or the software equivalent). Bill Gates and Mark Zuckerberg would both qualify-- both have had ample opportunity to walk away with $30m.
These are the founders that investors want (including YC) - the $30m exits are just to "keep the lights on" if you do the math.
- fallentimes 18y agoRight, but you're focusing on the exception. He's focusing on the rule. I'd like to see a VC firm that kills it from dividend payments instead of _soley_ exits/IPOs (maybe one exists?). You'd need some very "open" limited partners.