The Truth About VC Pushing for Co-founders: More Risk, Less Reward
Cofounders are pushed by VCs so their bet becomes higher odds because often one founder quits, burns out, is done, so they want a backup founder
Ask any VC and they'll admit this to you in private
Only benefits VCs not you
For you: a cofounder means your income $$$ or exit $$$ halves
But your odds of drama and trouble doubles
Half the money, double the trouble!
See Facebook drama with early cofounders for examples and countless other stories
VCs will never admit this publicly!
Ask any VC and they'll admit this to you in private
Only benefits VCs not you
For you: a cofounder means your income $$$ or exit $$$ halves
But your odds of drama and trouble doubles
Half the money, double the trouble!
See Facebook drama with early cofounders for examples and countless other stories
VCs will never admit this publicly!
Isaiah Olive
Student
7 months ago
have seen this with a close friend. he was given money and pushed to get a cofounder. if you can do it solo, best option
Dezi Olive
Stealth
7 months ago
when a person is investing on a shitty / vanilla idea they would obviously prefer to secure their investments. What wrong in that?
When a home loan is taken, bank check everything , want the person's wife to be a coborrower, need to prove networth enough to cover the loan. And last we first pay the interest and then the principal. IF bank for lending secure loan can ask for this much security, why would a VC not take steps, knowing very well that the founder will scam them of some of the money they invest.
Kalan Hyrum
Stealth
7 months ago
How do you find deals/leads?? Any public groups that i can look for??
Isaiah Hyrum
Stealth
7 months ago
I’m not telling that it’s wrong. New founders should know the entire picture and what they are getting themselves into.
It does make sense logically to have a backup CEO just in case the founder ducks up and makes bad decisions. But same role can be fulfilled by CFO or CTO. With a co-founder there's a chance that person will listen to VC (VC ka chamcha) first and implement his decision over the main founder. Best to have a strong leadership team at the start itself by your own choice.
It does make sense logically to have a backup CEO just in case the founder ducks up and makes bad decisions. But same role can be fulfilled by CFO or CTO. With a co-founder there's a chance that person will listen to VC (VC ka chamcha) first and implement his decision over the main founder. Best to have a strong leadership team at the start itself by your own choice.
It does make logical sense to have a backup CEO if the founder ducks up and makes bad decisions. But same role can be fulfilled by CFO or CTO. With a co-founder there's a chance that person will listen to VC (VC ka chamcha) first and implement his decision over the main founder. Best to have a strong leadership team at the start itself by your own choice.
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