Paley: Startup Execs Should Compare Real Financials Against Valuation Hype
Eric Paley · Is the VC Model Broken? Jason Lemkin, Mike Maples, Eric Paley & Harry Stebbings Debate | E1062 · 20VC with Harry Stebbings · Sep 20, 2023 · at 0:00
Eric Paley, Managing Partner at Founder Collective, cautions executives evaluating startup job offers to audit the company's real metrics instead of trusting CEO funding announcements.
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“If you're coming into a company as a senior executive and you have a CEO is bragging to you about how big their last round was in dollars and how big the post money was, ask to see the financials and compare those financials to what they're claiming in the vanity of financings. When you see that massive disconnect, you're in a pretty tough place. That is a place that is probably not going to play out the way you want it to.”
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