It all changes when the founder gets a Porsche(medium.com)

10 pointsby zabramow10 yıl önce2 comments

It all changes when the founder gets a Porsche

https://medium.com/@micah/it-all-changes-when-the-founder-drives-a-porsche-32ac25c713ad

1 comments

ChuckMcM10 yıl önce

I think it is an important insight that founders who do not need the money will make different decisions than ones that have never had money. It doesn't follow that they make "better" decisions however.

I think what Chris Sacca did was excellent, keep the "everyday" fears away by taking care of imminent personal financial threats, helps founders a lot. But taking FU money off the table prior to a success/fail determination is a dangerous thing to do as it screws up motivations around success.

zabramow10 yıl önce

Agree, I've spoken with VC's who said getting liquidity for founders ended up ruining the companies because all the founders cared about was finding ways to create more liquidity.