Founderitis is akin to an active, engaged parent who is a wonderful caregiver until the child reaches adolescence. As the child enters its teens and requires an increasing level of independence to properly mature and prosper, the Founderitis parent tries in vain to restrict the influence of outside factors and limit the child’s ability to act autonomously.
When you take any money at all from a big VC in a seed round, you are effectively giving them an option on the next round, even though that option isn’t contractual.
via cdixon.org
Great explanation of the issue here. It's a potentially lose-lose situation. If the VC wants in, they can collude/drive down the price of your Series A. If they don't, then you smell bad and can't raise again.
Multiple people in the know advised us to steer clear of this option while we were raising.
Verbal self-defense has three basic parts:
- understanding what's really going on
- listening instead of leaping to conclusions
- knowing how to respond.
Take a small amount of the malt that is sufficient to "coat" and expose as much of the inside of your mouth and taste sensors as possible into the mouth. Move it around in the mouth slowly and let the vapors penetrate the sinuses as you slowly swallow. After swallowing, breathe minimally in through the mouth slowly with the mouth opening as small as possible. Then breathe out slowly through the nose in order to expose as much of the sinuses to the aromatics of the whisky. Keep the mouth partially closed with as small an opening as possible. Breathe minimally, as it will retain the aromas in the mouth and sinuses and you will note the increase of the flavors and aromatics of the malt. I like to imagine the Bell Curve and track the character revelation in this format.
via scotchdoc.com