2 ms·
She took the deal as written. It's easy to justify early on, convincing yourself the company wouldn't be able to get off the ground otherwise. It's easy to ju
by mvkel 14y ago
She took the deal as written.
It's easy to justify early on, convincing yourself the company wouldn't be able to get off the ground otherwise.
It's easy to justify even later, when you think about how the company wouldn't be where it is today without that cash infusion.
Unfortunately, it doesn't matter if you don't have majority control. It doesn't matter if the company is doing $10mm/year if it got there based on a strategy (driven by the investor) that drives you up a wall. As an entrepreneur, what makes you crazy isn't a lack of funds, it's a lack of control.
Conversely, if you and the investor share a similar vision, it's a legitimate partnership that could work well. You sacrificed a lot more equity, but your company is only worth what someone is willing to pay for it.