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Hand-Picked Founder & Investor Matches โ€ข 28Yrs in Startups (Zeroโ†’ยฃMil ARR, Twice)

I watched The Dropout last week (BBC iPlayer), about Elizabeth Holmes and the Theranos fraud. For those considering raising money for your startup, there was a line worth pondering, where Holmes asks: "Can the board fire me from my own company?". The reply that came back was quite chilling: "Of course they can. You took money from VCs. They own you." ๐Ÿ˜ฑ ๐Ÿš€ ๐…๐จ๐ฎ๐ง๐๐ž๐ซ๐ฌ: ๐ ๐ž๐ญ ๐š๐๐ฏ๐ข๐œ๐ž & ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐จ๐ซ ๐ข๐ง๐ญ๐ซ๐จ๐ฌ ๐Ÿ๐ซ๐จ๐ฆ ๐š ๐ฌ๐ญ๐š๐ซ๐ญ๐ฎ๐ฉ ๐ฏ๐ž๐ญ๐ž๐ซ๐š๐ง ๐Ÿš€ ๐ˆ๐ง๐ฏ๐ž๐ฌ๐ญ๐จ๐ซ๐ฌ: ๐ ๐ž๐ญ ๐ฆ๐ฒ ๐ฉ๐ซ๐ž-๐Ÿ๐ข๐ฅ๐ญ๐ž๐ซ๐ž๐ & ๐ฉ๐ž๐ซ๐ฌ๐จ๐ง๐š๐ฅ๐ข๐ฌ๐ž๐ ๐๐ž๐š๐ฅ ๐Ÿ๐ฅ๐จ๐ฐ ---------------------------- ๐Ÿ˜Š ๐Œ๐ฒ ๐ง๐š๐ฆ๐ž ๐ข๐ฌ ๐’๐ญ๐ž๐ฏ๐ž ๐๐ซ๐จ๐œ๐ญ๐ž๐ซ โ€ข ๐๐ฎ๐ข๐ฅ๐๐ข๐ง๐  ๐ฌ๐ญ๐š๐ซ๐ญ๐ฎ๐ฉ๐ฌ ๐Ÿ๐จ๐ซ 25+ ๐ฒ๐ž๐š๐ซ๐ฌ ๐Ÿ“Œ ๐ƒ๐š๐ข๐ฅ๐ฒ ๐ฉ๐จ๐ฌ๐ญ๐ฌ ๐ญ๐จ ๐ฌ๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐ž๐š๐ซ๐ฅ๐ฒ-๐ฌ๐ญ๐š๐ ๐ž ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐จ๐ซ๐ฌ ๐š๐ง๐ ๐Ÿ๐จ๐ฎ๐ง๐๐ž๐ซ๐ฌ #startups #angelinvestors #fundraising #founders #InvestmentReadiness

Ricky Patel, PhD

Providing Family Office & UHNW Technical Expertise For Creating Change | Venture Partner @ Beyond Earth Technologies | Founder & CEO @ Point Science Analytics | Life Science Mentor

5mo

A prime example of how fomo investing in the bio/deep tech space can go horrifically wrong. Investors need to do their technical dd with the right people on board! Also, i really need to watch this show - saw the ads!

vidusha edirisinghe

Revolutionizing a $1 Trillion+ Mental Health Problem with Early Model 1 Discover greatness within your minds with Early model 1

5mo

Would like to know a further explanation. Like if you are the majority shareholder, does the VC firm like have the power to fire you? Like if I owned 40% of my company, my Tech Lead owned 30% of my company and if a VC firm owned the rest of the 30%โ€ฆโ€ฆ they can fire me? (Hypothetical situation) Curious to ask.

Mark Zwinderman

CEO at SAS | Creating a better future through the Moonshot Method

5mo

Itโ€™s not your company. You started the business. The other stakeholders and shareholders are all co-owners in different ways. Again, founders get almost no education in the governance, board management and legal responsibilities of running a business. Itโ€™s an area where the ecosystem is totally letting down founders.

Andrew Harrison

Explorer, MD, PhD | Physician, Scientist, Clinical Informatics, DEI Health, VP Inclusivity, Board Member, Director, Advisor, Consultant

5mo

working for the successor company was an interesting experience trying to build and validate a real time point of care advanced blood analyzer augmented by machine learning (AI) analytics was difficult work. it sounds like it should already exist, yet it does not

Olivier Gamrasni ร…hlรฉn

Making simple what is complicated | Leadership | Startups | Family Offices | PE & Venture Capital | Impact Investment | Wealth Management | Board Member | NED

5mo

I understand the stress and obsession to find fundings...I don't understand the most basic understanding and research on what it implies to onboard a VC...and I am not even talking about bad terms...

Ivan Hoo

Pre-seed to Seed Financial Model & Advisory | LinkedIn TopVoice

5mo

It's the harsh truth. But in this case the board should have exercised the right, earlier!

Ali Marshall

Scaling hyper growth brands. Global E2E Talent Solutions. Connecting Founder & VC led brands with talent in an authentic way, creating value add partnerships built on trust ๐Ÿš€ #TaaS #DTC #startup #scaleup

5mo

A great adaptation & and out performance by Amanda Seyfried What a story! Did nothing to help female entrepreneurs though sadly!

Dusan Stanarevic

Helping GPs to find LPs and additional funds for portfolio companies

5mo

Yes, hard truth and at the same time the biggest nightmare of the founder who is not willing to leave the business...

Shane Liddell

Global Crowdfunding Expert & Startup Advisor | Helping Entrepreneurs Raise Capital | Founder & CEO |

5mo

I too watched it last week. Quite a story, and many lessons to be learned for new founders and dreamers.

Lee Tumbridge

CEO @ Active Mentorยฎ | CMI Level 7 | MSc IBM

5mo

It's a lesson you need to learn on your first VC deal, be careful what you wish for and all that. Interestingly though, in the case Holmes, I think she was irreplaceable by the time the Ponzi scheme started to really take hold. Smoke and mirror deals always need a useful idiot.

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