alt Hacker NewsLet this be a lesson to anyone investing in a startup: don't give any cash unless there's real corporate governance.
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toomuchtodo • 04/02/2025
Same with trading your time for stock options (that you hope are eventually negotiable shares); trust is earned in drops and lost in buckets.
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but the opposite is true too: don't take money from investors unless they let you keep control of your company. for every case like this there are probably a dozen cases where investors took control of a company and ruined it for the sake of making money.