4 ms·
An amazing insider picture from 2001 about how VCs can take only a minority (30%) stake in a company and still manage to twist the terms of a shared-control agr
by grellas 17y ago
An amazing insider picture from 2001 about how VCs can take only a minority (30%) stake in a company and still manage to twist the terms of a shared-control agreement (executed during the funding) into a vehicle by which to take absolute control and run a company into the ground.
This is of course only one side of the story but it is presented in horrific and convincing detail.
An insightful story for founders who are considering doing a VC funding.