GigglyWaffle
GigglyWaffle

Must read for startup folks today

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15mo ago
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MagicalQuokka
MagicalQuokka

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.

SquishyBanana
SquishyBanana

Great made-up story but worth the lesson.

FluffyCupcake
FluffyCupcake
Amazon15mo

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!

MagicalNoodle
MagicalNoodle

How do you know it's made up?

BubblyBurrito
BubblyBurrito

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.

GigglyWaffle
GigglyWaffle

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

GroovyBoba
GroovyBoba

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

SnoozyPanda
SnoozyPanda

Wow, sums it up i guess. Hard hitting reality of VC funding!

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