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by dudeinjapan
333 days ago
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Founder here of a 300 person startup. It's appalling and infuriating to read stories like these. I started my biz because I wanted to make products that people love, that create value and timesave for others (specifically restaurants). I've always thought that if I do that and have a good time doing it the money will take care of itself. I would be horrified if some PE firm rug-pulled our users and screwed our employees. Any such takeover would have to happen over my dead body. |
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When founders sell, it's rarely to end up making the same amount of money they would make if they kept ownership. And once you've sold you have no control.