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by wizerdrobe 971 days ago
I’ll add on to this - I’ve worked closely with a few folks I consider to be in that brilliant mix of charisma, business sense, and technical competency.

I’ve watched them found rock-solid companies and build great teams (I’ve worked on them)… and then for some reason several times in a VC-backed Boards like to bring in their own guys and push out the actual founders.

In short, I’ve watched VC rob my friends of their joy and in some cases cheat them of their blood, sweat, and equity. Good luck exercising those options on a non-IPO firm when you’re scrambling to find a new job to keep the mortgage current.

I’m really soured in the whole “start a startup.” There’s so much chicanery going on in the business world that it’s just sickening to see.

1 comments

There's a solution to that: don't take venture capital. Start a micro-SaaS that'll cashflow 10k a month consistently, then you can quit your job and grow that. Grow it to maybe a million a year, sell for a 3 to 5x multiple, then retire (or start something new).