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Start-ups generally don't have a problem until they get into the making-money or getting publicity stage. After that you'll pick up all kinds of parasites, pate
by tisme 14y ago
Start-ups generally don't have a problem until they get into the making-money or getting publicity stage. After that you'll pick up all kinds of parasites, patent trolls are only one of the many classes these fall into, and they're not nearly the most frequently encountered ones.
Look out for: rogue angels, investment bankers, bad partners, bad leave co-founders and so on. Lots of people want a slice of the start-up pie without pulling their weight.
- StavrosK 14y agoWhat are rogue angels, and why are investment bankers bad?
- tisme 14y agoRogue Angel -> Angel that will use some of their money in order to get a bit of stock which they then use in a minority shareholder lawsuit in order to try to leverage that into a larger amount. Start-ups can't have distractions like that so people that pull that stunt can hold you over a barrel. I've seen this up close and it isn't pretty. Investment bankers are not bad by definition, but on the whole they're worth a lot less than they give themselves credit for. They presume to be an in-dispensable part of the deal universe but in actual fact they can be as much of a hindrance as they can be a help. Oh, and they always want to be paid, even when they don't perform at all.
- StavrosK 14y agoI see, thanks. I didn't know about rogue angels, it's too bad such scammers exist.