Hacker News new | ask | show | jobs
by garethsprice 5367 days ago
Shows how important family support is when building a company.

Not knowing about the VC process, what's the implications for the investor in this - were you not on the hook to deliver? Is the investor not upset that you bailed because your parents ordered you back to school?

2 comments

It was a lose-lose situation once the parents became definitive.

Ultimately, our investor took the long-term view on this situation. Hopefully, I'm going to be doing this for years, so take the hit now and finish everything up.

Lose-lose nonetheless.

Thanks for all of your comments.

While the investor incurs some liability for a situation like this, it's important to build a solid team from day one. A business will soon become bigger than any one person and be able to continue and thrive.
Agreed. A company is not one person, and if it is, something is wrong with the company.