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Oh yeah! There were the VCs who stopped us from doing the google business model. There were the VCS who made us spend half the money they gave us on another por
by MCRed 12y ago
Oh yeah!
There were the VCs who stopped us from doing the google business model.
There were the VCS who made us spend half the money they gave us on another portfolio product that didn't actually do what was promised, setting us back 2 years. (Yes 2 years!)
I've seen countless conflicts among the founding team because VCs push bad decisions on them and some of the founders fell like they have to follow them because they want more money form the VCs and the other half of the founders know the VCs are full of it.
I've seen VCs push out good founders, leaving the weaker founders behind in the company-- so they could have more control.
Notice all of these examples are VCs. Seen a LOT less shenanigans perpetrated by angels.
- jacquesm 12y agoHow were VCs able to do any of this? Did you sell them a majority?