Founder Secondaries
topic on 2 shows · 4 statements across 4 episodes
4 statements about Founder Secondaries, every show
Stebbings: Founder Secondaries Are Brilliant to Remove Downside Risk Mindset
“I think it's brilliant to remove that downside risk mentality from a founder's perception.”
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…”
Today, Delicious would likely use founder secondaries instead of early M&A
“One of the things that has really changed dramatically since that time is that founder secondaries have become completely customary. And so I think that there are many alternative paths in which delicious would have raised another round and where secondary wou…”
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…”