Describing founder-VC relationship as "a marriage" always seemed weird to me. Maybe instead we should say it's like hiring a General Contractor. It's important, you can screw it up, and please make sure the contractor can't fire you and walk away with your house if things go bad.
Historically the "marriage" phase is an intermediate one. In the early days of VC, it was like the founders worked for the investors. Then it was like a marriage. If this trend continues, as I hope it will, it ends up with the investors working for the founders.
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Yep. I think the new trend will be investors fighting for allocations based on what specific, tangible value-add services they can offer the company.
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It’s still founders working for VC. But yes it’s not as extreme as before.
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I like to think of it as a marriage, and that our job at
@seedlegals is to do the prenups.Thanks. Twitter will use this to make your timeline better. UndoUndo
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It feels like the really good investors already think like this.
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It's certainly how it seems to be communicated for sure
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I was beyond surprised and HAPPY when I heard this at YC Startup Investor School. When
@daltonc said “behave as if it’s a job interview for YOU, not for the founder” I realized the gap between investors’ perceptions and YC partners I wrote in my notes “YC investor’s license”Thanks. Twitter will use this to make your timeline better. UndoUndo
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If it is like a marriage it is with a tough prenup from the VCs to the founders.
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dooooo you hear the people sing? :)
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