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Does it help to look at the extreme examples? 1. You take the money and startup fails, investors lose 100k, you lose time. You prob won't realize your failing
by corkill 13y ago
Does it help to look at the extreme examples?
1. You take the money and startup fails, investors lose 100k, you lose time. You prob won't realize your failing for longer because you have 100k and so lose more time.
2. You are wildly successful, Lightbank control your company and 50% of everything the business earns for life. The 100k is probably a minimal factor in your success can you live with that?
- PeterisP 13y agoIt's not even fair in pure monetary terms - even if it's a very rapid complete failure, you'd put in more than $100k worth of your time&sweat; and if it's anything better than that, then your personal investment is much larger than $100k. The only way it would make sense financially is if you're spending all that $100k in the first year on founder salaries; but at the end of that you've got a company with no cash that's probably not yet selfsustaining.