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This last sentence sounds weird to me: 'But he noted that he feels fine giving founders a few hundred thousand dollars — just not millions.' Is the question 'i
by k7vin 12y ago
This last sentence sounds weird to me: 'But he noted that he feels fine giving founders a few hundred thousand dollars — just not millions.'
Is the question 'is it fine for founders to cash out at a round of financing before their exit?' or 'how much founders should cash out before their exit?'? They're two different questions.
And an investor who says to a founder 'if you sell some shares I sell mine too' forgets that he has some eggs in other baskets while a founder spends generally all his time to only one. Is it normal / fair / you name it that a founder wants to put some eggs in other baskets too (if I mention the Buffer's founders quote when they argue 'we'll invest some money in other startups'?
- getdavidhiggins 12y agoWikipedia grab: "Opportunist behaviour can be self-reinforcing: if there is a lot of opportunism, then not to be opportunist oneself would mean that competitors take advantage of that, and therefore people can be forced into an opportunist role as a defensive strategy."