That was totally a

That was totally a shocker, and I was scrambling how to react; I called the board and explained what had happened. The board lost confidence in me since this was a breach of trust.

Our investors tried to take over by getting another board seat. I had to fight back and somehow rebuild that confidence that I will build the company back. Luckily, we diluted only 9 percent of the company at that time, so I still had a lot of control.

Sign Up for NextBigWhat Newsletter

Curated. Summarized. Important News. For free.

You May Also Like

Another thing is to

Another thing is to check whether you have a VC- fundable business. VCs rarely care about a 1 million/ 5 million/10 million business that will be profitable. If you want…
View Post

Do Stuff That Others Usually Don’t

Plan and execute a one year, self directed, alternative graduate school where you broaden your life horizons.  Acquire at least three new skills during the year. Suggestions: photography, skydiving, computer…
View Post