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This is a very important article. Its not about good guys and bad guys, its about differing perspectives and varying expertise. 1) quote "...investor is bluffi
by moens 14y ago
This is a very important article. Its not about good guys and bad guys, its about differing perspectives and varying expertise.
1) quote "...investor is bluffing to cover a lack of knowledge..."
-- read: the investor has no idea what you are doing and never will. They only invested because someone else they trust thinks its a money maker.
-- note: this is not a bad thing, its a reflection of what they are good at: money handling and profit making.
2) quote: "What most entrepreneurs don’t realize is that by failing to complete a deal structure, a cap table, and an exit model in advance, they greatly extend their due diligence period and ultimately hold up the cheque writing, sometimes for months."
-- read: and ultimately hold up the cheque writing, sometimes for months... and sometimes for fucking ever. Why? Because they are too naive or lazy to do their business homework, and the money boys walk away with their baby.
-- note: This is also not a bad thing, it is something you must be prepared for; you're a hacker right? Immerse in some VC, finance, management and negotiation books. See the world from their perspective, wiser is better.