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That's silly. Everybody involved understood why the founders would choose to do this. It has everything to do with risk and opportunity and likely nothing to do
by Gaussian 11y ago
That's silly. Everybody involved understood why the founders would choose to do this. It has everything to do with risk and opportunity and likely nothing to do with some kind of malevolent avarice.
And bailing while returning a significant sum to investors takes courage. It's easier to sit in board meetings and pound the table and tell them how you're going to turn things around, even if you don't believe it.
- duderific 11y ago> It's easier to sit in board meetings and pound the table and tell them how you're going to turn things around, even if you don't believe it. I don't know if that's true. They have $3 million in the bank "off the table" money -- given that, it's probably easier to chill for a while and then start another company than waste time on a company you don't like anymore.