Big News: FounderDating is joining OneVest to build the largest community for entrepreneurs. Details here
Latest Notifications
You have no recent recommendations.
Name
Title
 
MiniBio
FOLLOW
Title
 Followers
FOLLOW TOPIC

Question goes here

1,300 Followers

  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur
  • Name
    Entrepreneur

Nightmare stories with early stage VCs?

It is very well known the fact that divorcing an investor is harder than divorcing your own husband and wife. I think it would be useful for all of us here to know what are the VCs that we should absolutely avoid at all cost. If you could list the names and also include a few nightmare stories that would be great.

3 Replies

Irwin Stein
2
0
Irwin Stein Advisor
Very experienced (40 years) corporate,securities and real estate attorney.
In the real world, you should kiss your butt if a VC will put money in your pocket and back your company. You can "divorce" any VC if you return the money that they gave you. More times than not it is the entrepreneur who makes promises that they cannot keep or exaggerate what they actually can do.
Jason Gibb
2
0
Jason Gibb Entrepreneur
Real Estate, Director & Business Development, MBA, CMA
I would keep in mind that there are two sides to every story. My favorite saying is that "behind every problem in a person's life is a lie." The worst lies are the ones we tell ourselves, "like we will work that detail out later." The point of contracts in business is so people don't need to rely on trusting each other. In start up business things change fast and what starts as a great relationship with lots of ambition can turn when money is at stake. That being said VC's have more experience than the average entrepreneur so they are more likely to make contracts that protect their interests and mitigate their downside risk in the event that the entrepreneur fails to hit milestones. Also note that there is a big difference between ownership and control. You don't need to have majority stake in a company to control a company. Control is more valuable than ownership in any organization until there is a liquidity event or distributions. Many VC's take minority stakes but are actually in a position of control.
Rod Abbamonte
0
0
Rod Abbamonte Advisor
Co Founder at STARTREK / @startupHunter / @startupWay / @CoFounderFound / @GOcapital / @startupClub / @lastminute
Establish clear alliance and way to exit
Join FounderDating to participate in the discussion
Nothing gets posted to LinkedIn and your information will not be shared.

Just a few more details please.

DO: Start a discussion, share a resource, or ask a question related to entrepreneurship.
DON'T: Post about prohibited topics such as recruiting, cofounder wanted, check out my product
or feedback on the FD site (you can send this to us directly info@founderdating.com).
See the Community Code of Conduct for more details.

Title

Give your question or discussion topic a great title, make it catchy and succinct.

Details

Make sure what you're about to say is specific and relevant - you'll get better responses.

Topics

Tag your discussion so you get more relevant responses.

Question goes here

1,300 Followers

  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
  • Name
    Details
Know someone who should answer this question? Enter their email below
Stay current and follow these discussion topics?