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How to deal with failing startups + Team Wildfire CEO Steve Wolf on "Hurricane-as-a-Service" | E1563
This Week in Startups
What Happens When Venture Capitalists Want to Buy Out Their Investors?
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Venture capitalists are not obligated to fund the company forever. It's your job as the founder to find new funding sources for each round. If things are going well, you might be able to get your existing investors to take prorata. The v cs job is there to advise you and make sure you have proper governance. You're in that top 20 % of companies that die or have like a modest outcome. Go to the winners. We'll tell you to cut the bur and extend the runway.
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