Love this. The world needs higher conviction investors where there's not just a statistical failure rate bet based on an asymmetrical value exchange, but runway that ensures a founder and live and thrive and that ALL stakeholders and shareholders involved feel like there's a realistic liquidity outcome where all parties are happy.
When things are going great in bull markets, the ethos is often reverse unit economics and spending out of style. But perhaps, founders with a few more gray hairs have the memory, and insights of the last bear market, recession, or business cycle, understand intuitively to keep more reserves versus blowing through a ton of runway on frivolous expenses. As this typically only contributes to faster and faster unrealistic growth expectations on an even bigger and riskier hedonistic venture capital treadmill.
Feel like you'd vibe with this article my buddy Francis wrote:
Love this and well written. Would love to see VCs do more to support founders given the disproportionately more responsibilities and stress they face while building their company.
On trade-off for founders, the trade-off to start a company grows the further they get in life. It's the reason we see so many companies start when employees are laid off or can't find a job, the trade-off is lower. I'm hopeful there's something we can do to help alleviate that increased risk founders with higher trade-offs face.
Love this. The world needs higher conviction investors where there's not just a statistical failure rate bet based on an asymmetrical value exchange, but runway that ensures a founder and live and thrive and that ALL stakeholders and shareholders involved feel like there's a realistic liquidity outcome where all parties are happy.
When things are going great in bull markets, the ethos is often reverse unit economics and spending out of style. But perhaps, founders with a few more gray hairs have the memory, and insights of the last bear market, recession, or business cycle, understand intuitively to keep more reserves versus blowing through a ton of runway on frivolous expenses. As this typically only contributes to faster and faster unrealistic growth expectations on an even bigger and riskier hedonistic venture capital treadmill.
Feel like you'd vibe with this article my buddy Francis wrote:
https://visionaryventures.notion.site/The-Sovereignty-Game-f6eb898310e446cf92fa5bfd8ae8ecab
Love this and well written. Would love to see VCs do more to support founders given the disproportionately more responsibilities and stress they face while building their company.
On trade-off for founders, the trade-off to start a company grows the further they get in life. It's the reason we see so many companies start when employees are laid off or can't find a job, the trade-off is lower. I'm hopeful there's something we can do to help alleviate that increased risk founders with higher trade-offs face.