Rofagha: Founders diluted to 7% become employees rather than actual founders
Max Rafaga · Finimize Uses 1m Email List to Launch API SaaS, Grows to 30% of Total Revenue · Jan 21, 2021 · at 16:20
Finimize founder Max Rofagha explains to Nathan Latka why he avoided raising large venture rounds that dilute founder control.
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“Like seven percent of the business that you started then, and everybody else has the full control and you ultimately have become an employee. You're no longer the actual founder.”
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