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VCs want the high burn rate because it means that the company moves to finality (liquidity or failure) quickly and gets off the books in time. They're not in t

• lsc 13y ago
  >They're not in the business of building long-lived healthy companies, even though that's something the world sorely needs. That's the thing, though; being a long-lived, healthy company is much easier if you have one person who unambiguously owns it (and that person is also the top operational manager.) That's the thing, what kills a web startup? the owner deciding to get a real job. If you have two owners? now rather than having one person who will kill the company if they get a real job, you have two. I'm not saying absolutely that it's an unsolvable problem; if the person who loses interest early gives most of the ownership to the remaining partner, I suppose it could work out? but I'm not sure how that would or even should work.