Hacker News new | ask | show | jobs
by gruseom 6124 days ago
I think what PG's getting at is that you can't "look beyond" the fiduciary responsibility "mindset" without being fiduciarily irresponsible. Which is basically illegal.
1 comments

Only if you CHOOSE to ACCEPT outside investors, and CHOOSE a board that doesn't have the same vision for the company as you do. I'm no lawyer, but I'm guessing if you own your own business, your fiduciary responsibility is to yourself.
Yes, that would be the "if you have shareholders" part. Can you find an example of a $170 million sale of a startup with no outside investors?
Well, in this cast Mint did choose to raise outside investment.