Common trap: person wants to leave their job to start a company, can’t afford to work for free, ends up having to raise money even though they’re not sure their idea is venture backable—and is now on the treadmill. On Deck exploring more EIR-like opportunities for this group.
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Yes their model makes sense if 1. You need to cash out in a few years 2. You can only make a few investments 3. You are going to put in the time to be involved Angels can do well with 3x returns, VCs can't
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