All other things being equal, avoid "strategic" investors. What that word "strategic" means is that they have ulterior motives that are unlikely to be aligned with yours.
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Replying to @paulg
I’ve found that if done right strategics can be great investors. Done wrong it’s a nightmare and can destroy value. Each one can go either way, so ... make sure you get it set up the right way. Longer story.
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Replying to @FTPartners @paulg
Do you find that—all things being equal—strategics are better at later stages?
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Replying to @elbasti @FTPartners
I don't know. You'd be more able to resist overreaching demands, but the misalignment might be more pronounced. Hard to say which prevails.
10:00 AM - 29 Nov 2019
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