Felser: Replacing seed founders performs so poorly it requires fraud to justify
Josh Felser · 20VC: Can Founders Really Trust Their VC & How To Navigate The Acquisition Process Successfully with Josh Felser, Co-Founder @ Freestyle.vc · Apr 17, 2017 · at 10:51
Josh Felser is a co-founder at Freestyle.vc. He addresses whether early-stage venture capitalists should replace founders who want to exit early.
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“The history of replacing a founder at the siege stage with a new CEO, that historical performance of that experience is so poor that I can't imagine, it would have to be almost a fraud situation Situation for me to do that versus kind of replacing a founder who wanted to sell early.”
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