Secret aside, if you think "Founders took money off the table and then company crashed!" is a WTF, let me explain the deal VCs get.
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@patio11 this is fascinating. am I reading this right? I can raise money and negotiate my own management fee that provides me a safety net? -
@corywilkerson If you're a VC, managing limited partners' money and making investments from it, yes, this is standard and customary. - 4 more replies
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@patio11 why did you transfer your comments from HN to Twitter? (even on HN topics) Was that a conscious decision? -
@sousoneca I still comment rather frequently on HN, but try to avoid "hijacking" conversations there to make tangential points. - 2 more replies
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@patio11 doesn't this disincentivize or to some degree kill motivation?Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 if I've made money just by raising money why bother?Thanks. Twitter will use this to make your timeline better. UndoUndo
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