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Investors in startups are making bets. If they deserve the huge payouts they get when they bet correctly, then they don't deserve pity when their bets go wrong
by rauljara 14y ago
Investors in startups are making bets. If they deserve the huge payouts they get when they bet correctly, then they don't deserve pity when their bets go wrong.
In this particular case, Bill Nguyen had a whole bunch of red flags, including exiting shortly before his previous companies failed. I, for one, am not happy that investors continue to give such large amounts of money to such obvious carpetbaggers. The Bill Nguyen's of the world thrive because they are allowed to.
- casinaroyale 14y agoPut yourself in his shoes. You have seen that the team is not working well together. The product vision is getting executed badly. Lot of VC money went down the drain. What would you do? Wouldn't you exit while the sun is up?
- robryan 14y agoNot let it get so dysfunctional in the first place. You are right that down the track after everything the best thing was to exit.
- tlb 14y agoNo. Like the captain of a sinking ship, the CEO of a fucked company's duty is to make sure customers get their data back, employees have a soft landing, and investors get back any remaining money.
- edictive 14y agoI completely agree! It should be a fiduciary duty.