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"The VC/company relationship is really not at all like an employer/employee relationship." They can fire you, and you can't fire them. That means you are the
by andyl 14y ago
"The VC/company relationship is really not at all like an employer/employee relationship."
They can fire you, and you can't fire them. That means you are the employee, and they are the employer. If everything goes great, you'll never have to put that relationship to the test. But things don't always go great...
- tptacek 14y agoIf you're an early stage company, the pre-revenue kind that we tend to think about when we talk about VCs on HN, the VC is buying a stake in 2-4 years of your output when they invest in you. Sure, they can "fire" you, in the sense that they often have the ability to vote you out of the company you founded, but this is usually a loss for them, not a win; they staked you, and you end up walking. Anyways, the number of instances we can cite of a VC removing an officer of a company because they were discovered to have written mean things about VC in the abstract is... let me go out on a limb here...