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Why put your own money in the game if you can use someone else's? I remember having read a Donald Trump quote somewhere to that effect.
by edwhitesell 13y ago
Why put your own money in the game if you can use someone else's?
I remember having read a Donald Trump quote somewhere to that effect.
- valarauca1 13y agoThis, literally. Or as George Carlin once said. "Your stuff, is stuff... But my stuff, is thee stuf."
- sixQuarks 13y agoYes, but that money comes with baggage. I've read a lot of horror stories of how VCs kick the founder out, etc. I can understand if you need the money, but c'mon, this guy had a billion dollar exit. $3 million is nothing for him.
- edwhitesell 13y agoSure, but if you've already got money from a previous exit, why would you care if you're booted out? It's just a job at that point. Also, you've already done an exit, so it's less likely you'd get the boot; After all, Investors want a return. They should know whether that's your M.O. when they invest. There can be legal/tax ramifications for investing your own money too. Regardless of how good you are at making a company successful, giving good ROI and everything else. If you treat it as a job (there are far more important things than work), why not use someone else's money?
- illuminate 13y agoWell, Donald Trump is GREAT at blowing billions of dollars of the money he inherited, money from investors, it would only make sense.