4 ms·
This is terrible, simplistic advice. The supposed "get rich" acquisition industries both involve so much fundraising that by acquisition time, the founder is l
by rabbitonrails 14y ago
This is terrible, simplistic advice. The supposed "get rich" acquisition industries both involve so much fundraising that by acquisition time, the founder is likely to be buried under such a large liquidation preference that he won't see a cent.
Total funding should never be an indicator "getting rich" -- it either correlates with failure or a capital intensive project, neither of which have anything to do with improving the founder's net worth.