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A VC: The Fiction of 20%
- hacker64 19y agoI always felt that VCs continue to spread the 30% minimum ownership myth to manipulate the expectations of entrepreneurs seeking funding. Good to know that my gut feeling was right.
- mikesabat 19y agoGreat Line: The scarce resource in the venture capital business is great entrepreneurs with cutting edge ideas willing to work 100 hour weeks turning the ideas into businesses. The scarce resource is not capital
- daniel-cussen 19y agoUp to a point, the more VC's ask for, the less leverage the entrepreneur has to make his fortune, and the less he cares.