The entrepreneurs, the founders, and the tourists
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Cardinal de Richelieu by Philippe de Champaigne (1642)There are three types of VC-backed #startup founders: (1) The entrepreneurs, (2) The founders, and (3) The tourists.When three of them fundraise for seed money, it’s difficult to tell the difference. Their profiles, tractions, and plan can look similar.VCs can tell only after they write the checks:(1) are risk-averse. They take the seed money, hope to achieve small-scale controlled growth, and are happy to stop there.(2) are the epitome of what VCs actually mean when they say “think big”. This group tends to fundraise often early on. Outsiders think they burn too much cash. But they know why, when, and how to spend. They make mistakes. Yet they have crystal-clear vision that gives them the sense of comfort — the future plan to stop the (...)
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