Comment by em-bee
8 days ago
but the opposite is true too: don't take money from investors unless they let you keep control of your company. for every case like this there are probably a dozen cases where investors took control of a company and ruined it for the sake of making money.
How did they "ruin" a company if that company made money?
Not all humans are driven by the same motivations.
Presumably if you as a founder are not driven by a desire to make money and your investors are, you 100% should be ousted. This is the principal-agent problem at work.
2 replies →