top | item 33892928

(no title)

yetanotherforg | 3 years ago

> Not sure I understand you. Why do post-acquisition wealth need an justification at all?

Did you read the tweets, or just the headline?

> You have worked for a startup. Well, you was aware of the risks. But I'm pretty sure the founder had more risks than you. I say this as someone who founded a company recently.

I have helped start 4 companies with 1 gracefully neutral exits, 1 sold, 1 gracefully neutral, and 2 nose dives. After every exit I walked into a job making more $$ than at the job I worked at before the previous startup. The only "risk" a startup founder takes is the potential for a below-market salary for a short period of time.

~20 years ago I failed at a music start-up, royally failed. We burned through $2.5m in about 11 months with nothing of value having been produced, then the dot bomb exploded while we were raising our A round. The same investors funded my next failed startup and offered to fund the one after that.

Once you get to say "I'm a founder and names you might know from vc insider have given me amounts of $$" you have a golden ticket.

discuss

order

No comments yet.