founder secondaries
3 statements across 3 episodes · 2 bullish · 1 bearish · 3 people on the record · first statement Jan 17, 2020 by Sumit Gajri · across every show →
Everything said about founder secondaries, oldest first
Jan 17, 2020 negative
Early founder secondaries misalign incentives and deter prospective investors
“Where I do get concerned is like when you have these early series BC runs and founders are taking large percentages of our ownership off the table. That can be quite concerning because I think that it's not a good formula for a long-term success, especially if…”
Jun 29, 2020 positive
Zeev: Founder secondaries increase ambition by reducing personal financial pressure
“The fact that you let them Take money off the table actually brings better alignment. Even a significant amount, even if it's five or ten million, they're much more likely to try to hit for the fences and not take the first couple of hundred million dollar acq…”