> I understand the logic behind it, but it still seems sort of weak to not stick your neck out when it really matters, and then turn around and write a blog post about how awful it all was after the fact.
Most likely he has limited partners who have given him money to invest, so it's not just his own money.
The company is almost certainly less likely to make it now - they could lose the suit, and then it's over. But even if they win, that's a massive mental beatdown and stress and such for quite a while. Not to mention costs.
It sucks all the way around, but an investor with limited partners can't back something that doesn't fit with the goals/metrics/risk that they promised when their LP's signed up.
Most likely he has limited partners who have given him money to invest, so it's not just his own money.
The company is almost certainly less likely to make it now - they could lose the suit, and then it's over. But even if they win, that's a massive mental beatdown and stress and such for quite a while. Not to mention costs.
It sucks all the way around, but an investor with limited partners can't back something that doesn't fit with the goals/metrics/risk that they promised when their LP's signed up.