3 ms·

Mind elaborating on that?

• tptacek 12y ago
  Illiquid founders push for early exits.
  • boucher 12y ago
    Illiquid founders are, generally speaking, majority shareholders. Hard to argue they are not looking out for shareholder interests.
    • tptacek 12y ago
      That doesn't change the fact that pushes for early exits can screw over both the investors --- who put real money into the company based on a promise that the founders would work for their interests --- and employees, who will receive a pittance compared to founders in most early exits.
    • SamReidHughes 12y ago
      The marginal utility of a million dollars is a lot more to them than the other investors.