If you ever negotiate with a VC on valuation, you'll hear some variation of this story. It's one of their favorite ones to tell. They all love to warn of the

If you ever negotiate with a VC on valuation, you'll hear some variation of this story. It's one of their favorite ones to tell. They all love to warn of the risks of taking too high a valuation. There's some truth to it of course, but what you won't hear are the stories of founders who give away too much of their companies and ended up with a tiny share of their company when they exited. Sure, sometimes you can get hurt by having too high of a valuation, but I know a lot more entrepreneurs who worked their asses off only to walk away with a token amount when they sold their company.