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by quezzle 2238 days ago
I thought VCs were interested in companies with superstar teams with a killer idea, an established and lucrative monetization mechanism, an established defendable innovative product, in a global market with hockey stock growth and for some reason still willing to sign ridiculously unfavorable investment terms with no downside or risk for the VC at a very low price, but at a very high price to the next round of investors to drive up ponzi scheme valuations. Oh and a CEO/founder who at first they love but later can be shoved out by the board. Or have I been watching too much Silicon Valley?
2 comments

> Or have I been watching too much Silicon Valley?

Too much, or not enough.

You forgot the 3x liquidation preference.