Martin: Heavily diluted $100M ARR founders often net same as early exit
Greg Martin · Revolutionizing Application Security: Transforming Risk Management and Facilitating Startup Success · Jul 16, 2025 · at 26:15
Ghost Security CEO Greg Martin evaluates whether raising multiple venture rounds over a decade yields a better founder outcome than an early exit.
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“I meet a lot of entrepreneurs that have built great businesses, a hundred million AR businesses, but they've been at it for 10 years, and they've taken so many rounds and deluded themselves so many times that they would have probably had the same outcome if they just sold the business after year two.”
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