notes

His logic was, “when I invested the management team knew that I wanted a multi-hundred million dollar exit so they shouldn’t be surprised. This return won’t be enough for me to justify to my partners.” I literally said to my friend, “You’re a dick. Do you not see the consequences you’ve weaved? You’ve now got a management team that hates you. They hate you for life. They will tell every other entrepreneur in town not to work for you. Presumably they are talented if they created a company worth $80 million. They’ll never work with you again. Nor will any of their friends or colleagues. Are you that short sighted?