This tweet goes out to all the money managers emailing me after Lambda School's fundraise that clearly don't understand how little a seed round means for a founder's personal financial position
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I hope they’re the money mgrs who were people you knew back in HS or college who are looking to “catch up” or “do lunch”
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More than anything else, makes us wonder what these kids were being taught in their MBA or whatever they learnt. Zero real world knowledge. Time for Lambda
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To be fair, a lot of people in those ranges usually put OPM at risk instead of their own... and if they don't get so many million under management within so long, they're fired. - source: was fired. :D
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although you should probably ask your Merrill guy about a cash management account...
End of conversation
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What if money managers started acting like early stage investors and took on founder clients when they had nothing. I’d love to see the model flipped like that!
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great stuff on the launch! :)
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hahaha - but this illustrates how hungry companies are to cater to high-net worth individuals~
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