3 ms·
Fair enough, but my level of skepticism for non-technical founders WITH deep pockets isn’t much better: 1. Deep pockets can mean a non-viable business model ca
by xwdv 4y ago
Fair enough, but my level of skepticism for non-technical founders WITH deep pockets isn’t much better:
1. Deep pockets can mean a non-viable business model can survive longer before going completely bust, simply because the founder can afford to continue shoveling money into the furnace, and build the illusion of success.
2. If the deep pockets are the results of inherited wealth of some sort, many of these founders are just engaging in success laundering where the startup is really a shitty business but its existence implies an alternative story for how their wealth was obtained and gives the prestige of appearing “self made”. Or the founder doesn’t care about the business at all and just wants the title of “entrepreneur”.
3. Often a deep pocketed non-tech founder’s only tool for solving tech problems is money, which doesn’t lead to truly innovative solutions.