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by mgkimsal 4791 days ago
==== She went on: “If you have conviction and the right solution, you can get in front of anyone [to raise money, strike a partnership, build a team, etc], so what are you waiting for? You’ve already shown you can build a team and a product, you have the technical background to solve this problem. How does a liquidity event really make a big difference? Why continue being miserable?” ====

You've also now demonstrated that you'll drop everything - that investor money, staff, customers, etc, because you don't like something. How will potable water investors react knowing this story? Part of being successful is sticking through with something.

"How does a liquidity event really make a big difference?" If he was really going to exit at $200MM, I'm assuming a decent portion would have gone to him. Having a bank of, say, $10MM should be more than enough to start his potable water business without having to go to investors to get things started the next time (assuming, that is, he believes enough in it to invest a chunk of his own money, not just someone else's).

1 comments

The article states that he transitioned out of the company over 4 weeks, presumably the company was able to go on without him.

I don't think investors will take it badly, I don't think they really want to have a founder who's heart isn't in it anymore slaving away at half pace in the hope of making something from the business.