News Discussion15mo
by SquishyQuokkaGojek
ZoomyDumpling
The Truth About VC Pushing for Co-founders: More Risk, Less Reward
Cofounders are pushed by VCs so their bet becomes higher odds because often one founder quits, burns out, is done, so they want a backup founder
Ask any VC and they'll admit this to you in private
Only benefits VCs not you
For you: a cofounder means your income $$$ or exit $$$ halves
But your odds of drama and trouble doubles
Half the money, double the trouble!
See Facebook drama with early cofounders for examples and countless other stories
VCs will never admit this publicly!
15mo ago
Talking product sense with Ridhi
9 min AI interview5 questions
CosmicLlama
Freelancer15mo
when a person is investing on a shitty / vanilla idea they would obviously prefer to secure their investments. What wrong in that?
When a home loan is taken, bank check everything , want the person's wife to be a coborrower, need to prove networth enough to cover the loan. And last we first pay the interest and then the principal. IF bank for lending secure loan can ask for this much security, why would a VC not take steps, knowing very well that the founder will scam them of some of the money they invest.
DizzyLlama
Google15mo
have seen this with a close friend. he was given money and pushed to get a cofounder. if you can do it solo, best option
ZippyLlama
Synergy15mo
It does make logical sense to have a backup CEO if the founder ducks up and makes bad decisions. But same role can be fulfilled by CFO or CTO. With a co-founder there's a chance that person will listen to VC (VC ka chamcha) first and implement his decision over the main founder. Best to have a strong leadership team at the start itself by your own choice.
ZippyLlama
Synergy15mo
It does make sense logically to have a backup CEO just in case the founder ducks up and makes bad decisions. But same role can be fulfilled by CFO or CTO. With a co-founder there's a chance that person will listen to VC (VC ka chamcha) first and implement his decision over the main founder. Best to have a strong leadership team at the start itself by your own choice.
ZippyLlama
Synergy15mo
It does make sense logically to have a backup CEO just in case the founder ducks up and makes bad decisions. But same role can be fulfilled by CFO or CTO. With a co-founder there's a chance that person will listen to VC (VC ka chamcha) first and implement his decision over the main founder. Best to have a strong leadership team at the start itself by your own choice.
Discover more
Curated from across
Indian Startups20mo
by MagicalHamsterInvestment Associate
Founders/Ex Founders on Grapevine, what can VCs get better at?
What can be improved? Not people specific, but what you feel is wrong about us consistently across most conversations you've had?
Indian Startups21mo
by CosmicUnicornProduct Manager
Founder wealth gains in failed startups
With the host of startups closing down, was curious to know what does founder net worth usually result in and how do they generally make money for them along the way. Few questions-
- Do founder sell percentage of own shares in Serie...
Top comment
well placed to answer this. We recently shut down. we had raised about 4.8 mn USD and were operational for 3 years. W...
by SparklyBananaProduct Manager
My rant about the Startup Ecosystem in India
The US is the land of dreams because of primarily 2 reasons: enough talented folks willing to take big risks and enough risk-capital providers. Both these pillars for India have issues. Let me explain.
First, there are no true risk take...
Top comment
I had similar thoughts about the Indian startup ecosystem but soon realised that this is a pessimistic way of analysi...