Jonathan Lowenhar, founder of Enjoy the Work, outlines his framework for aligning startup operations with board expectations.
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“At any given time, we think that a startup is working backwards from one of three things, very simply. I'm either working backwards from M&A. I'm working backwards from profitability. I'm working backwards from the next fundraise. You got to choose one.”
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Lowenhar: Founder and VC incentives clash over common versus preferred shares
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