Founder risk is total myth. I was at a startup where, when it was apparent there would be no more funding, the vc’s permitted principal founder to essentially

Founder risk is total myth. I was at a startup where, when it was apparent there would be no more funding, the vc’s permitted principal founder to essentially embezzle the remaining few $M. He and his cronies then lived off the proceeds for the better part of a decade in a kind of “brown dwarf” of a company of the same name. And it was the SECOND time he had done this in his career!