Gil: VCs Push Struggling Founders to Grind Because They Are Free Options
Elad Gil · #52: Elad Gil on What to Build in AI (Part II) · More or Less Podcast · Jun 21, 2024 · at 23:02
Investor Elad Gil explains to Dave Morin why the common Silicon Valley advice tells founders to persist through endless pivots.
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“Investors have a strong incentive for you to keep going because you're just an option once they put money in. And so if they get 50 cents on the dollar, they don't care, and they'd rather you just keep trying because you're just a free option. They already have the ownership. They've already put the money in.”
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