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Sounds like a solid learning experience. It's also why I am incredibly hesitant to have a co-founder and it's why I went the bootstrapped approach instead of V
by bitbasher 2y ago
Sounds like a solid learning experience.
It's also why I am incredibly hesitant to have a co-founder and it's why I went the bootstrapped approach instead of VC funding from the start.
- theHolyTrynity 2y agoyeah, problem is that is extremely hard to do it alone My approach for the future: - Don't raise unless you really need to scale. Bootstrap as long as you can - Co-founders are ok, but with very clear pacts and shareholders agreement to manage conflicts
- satvikpendem 2y agoDon't forget vesting agreements with a 1 year cliff, exactly for situations like this.
- theHolyTrynity 2y agoYes. First startup and jumped right at it, skipping the fundamentals. I was not the only one though, the investor gave us a lot of money with a very bad shareholder agreement