Must read for startup folks today
Link for actual thread and comments - https://www.reddit.com/r/startups/comments/15p8qrx/my_0100m0_in_5_years_story/
A VC investor at a startup I worked at leaked our proprietary tech to a larger competitor from their portfolio.
VCs are there to maximise their portfolio returns, not aid the success of your startup. Sometimes, both of these are aligned but many times they aren't.
i work in a 20 team startup which solves atual problem and with happy customers, and i really really wish i could show this to the co founders. they too are on this chase infinite growth trajectory.
Chiller
Stealth
a year ago
You should do it, atleast fwd it to them ir in slack somewhere and leave it open ended like 'came across this pretty crazy thing'
At least this ll be in the back of their mind for a few secs, who knows what could happen
Seriously, founder passing the blame to executives. I found it very difficult to believe that in SaaS space he had revenue numbers and lost it because executive added the number of features!
VacantFuel98
Student
a year ago
How do you know it's made up?
As I always say that the silicon valley tv show at times feels like a reality show and less a comedy show as VCs actually do all this kind of fuckery
CodeMonk
Stealth
a year ago
thumb rule... raise money on your own terms. never raisr more than you need.
