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A VC on what it takes to be a phenomenal entrepreneur
- AndrewWarner 17y agoWe talked about a lot of the tough conversations you need to be willing to have as an entrepreneur. Here's how he suggested one entrepreneur whose company should renegotiate with her clients: I said, “Go back to your customers and tell them: ‘Times have changed. I need you to either pay me a little more money for the contract so I can support it, or I’m going to have to cut on my development costs and my support costs because I can’t build a profitable company. Now what you need as a customer is you want a really strong supplier. I think you still really believe in this vision of what we built, but I need to be strong. And to be strong I need to make profits. And by the way, when you’re a billion dollar company it’s really no sweat to you. And by the way, if you change this agreement, I’m committing to you I will bust my a-- to make you successful. But I need a little give.’”