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Fair point. Perhaps the title would have been better as "VCs don't care about you as much as you want them to"? The junk about liquidation preferences will ha
by BrandonWatson 17y ago
Fair point. Perhaps the title would have been better as "VCs don't care about you as much as you want them to"?
The junk about liquidation preferences will have to serve for a later post. Liq pref is a device of which I am not a huge fan, having been on both sides of deals. I think they create really bad incentives, and when they are not understood, they are accepted by entrepreneurs well before the understand the implications of them.
- mattmaroon 17y agoNonetheless, it's just VCs doing what's in their best interest. Hsieh, if he wants to continue on independently (which is still only rumor) only wants to do so because he feels it's in his best interest. Why is the entrepreneur acting in his best interest correct, and the VC doing so wrong?