Agree Caitlin that this shouldn’t come at the cost of speed. However, in decisions like in Schilling or Yabbly’s case, they have enough time to think through the decision (many months). I was only hinting at cases like those where someone taking an opposite stand may have helped them.
Good post Angela. The points you make around transparency and honesty creating a longer term relationship of trust and loyalty is true. I feel that founders sometimes prioritize (this need not be wrong) shorter term things like loss of employees who learn that the company is not doing well, trouble from suppliers etc to keep things to themselves. How would you think about the downsides here?
Great post Dino. I would add a caveat. You would want an investor with the same risk/return expectation as you. By taking in capital, you are signing up for fast growth and multiplying valuations. So, it may not be right if you are looking to build a cash flow generating but slower growth lifestyle business.
Very interesting post on a culture that can spawn startups. Some of these lessons can also be seen in Fairchils Semiconductor (http://techcrunch.com/2014/07/26/the-first-trillion-dollar-startup/)
I would add that you need to set fair expectations with investors before getting them on board. If fundraising documents have unrealistic targets, it is bound to create conflict between the investors on the Board and the founders.
Great post on founder CEOs scaling with the company but I don’t agree that geat companies have to be founder led. All these companies have had experienced operators running or playing a pivotal role in the companies though. Eric Schmidt ran Google through its most important period where it went from a search engine to a cash generating engine using Adwords. Elon Musk wasn’t a founder in Tesla but was an early investor who took over from the founders. I think starting a company and running a large organization need different skillsets. There are people like Larry Page who are able to manage both or able to learn it during the journey.