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by wheelerwj
3409 days ago
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VC momey doesnt ruin anything. shitty managers do. any investor or board member whonis aware of the type of activity mentioned by OP would shut it down fast. their first responsibility is to protect the company, especially one about to go public, and that doesn't happen when you're getting sued repeatedly for hostile work environment and/or sexual harassment. |
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VC's aren't trying for all of their portfolio companies to be profitable - they're trying to fund 1 company that is going to be uber profitable. There's a saying from the dot com investment days - you either invested in Google or you didn't.