Herman: Unmotivated founders should directly ask investors to wind down
Will Herman · 1170 Playbook he used for taking 3 companies public f\rom scratch · Oct 7, 2018 · at 12:30
Angel investor Will Herman advises founders trapped in stagnant companies to address their investors directly about stepping down or winding down.
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“Speaking as an angel investor, no investor wants to be involved in a company that the founders don't want to be involved in. So, you know, it's just going to take a long time to die, and it's going to be a long, painful death. So, so the best way, as hard as it is, is to go to your investors and to say, look, I want to find a way out here.”
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