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In so many ways raising funding is just like applying for a job. Here's what I can do, give me money. The only difference is that the VC pays you your salary (
by bruce511 2y ago
In so many ways raising funding is just like applying for a job. Here's what I can do, give me money.
The only difference is that the VC pays you your salary (and all your other expenses) in advance. And let's you keep some of the upside. By contrast an employer pays you a salary, and your (work) expenses as you go.
The VC "implies" by their funding how long your contract is. The employee goes "forever".
So all the things that apply to job-hunting apply to VC funding (Amplified). And make no mistake, the VC becomes your boss.
Once you understand it in these terms you can best evaluate if VC funding is for you.
- skrebbel 2y ago> the VC becomes your boss Only if you give them board control.
- pavi2410 2y agoIf someone gives you money, they become your boss
- lotsofpulp 2y agoWant to test that? I will volunteer to be the recipient.
- pyrale 2y ago… Or if you expect to ever raise money again.
- drdrek 2y agoNot exactly correct, you are now partners. You own X% of the company and they own Y%. If you want to continue raising you better not be that guy that is constantly fighting with their partners... but your partners are definitely not your bosses.