Very few founders have problems with VCs prior to serious equity raises
Once you're raising 100M is when investors get the froth of IPO around their mouths and around when you start having issues
Fast forward 5 years into being an IPO company and now all those "Myths" are what you are spending 50% of your time as a CEO dealing with - that is unless you have Zuckerburged ownership (so rare as to be basically impossible), in which case you really only bought yourself time
God help you if you miss more than a quarter of revenues or have a down round. Kiss your ownership goodbye immediately
So yes, the author is right and the first few years of VC money are great! You pay the price with interest (literally) on the back end
Very few founders have problems with VCs prior to serious equity raises
Once you're raising 100M is when investors get the froth of IPO around their mouths and around when you start having issues
Fast forward 5 years into being an IPO company and now all those "Myths" are what you are spending 50% of your time as a CEO dealing with - that is unless you have Zuckerburged ownership (so rare as to be basically impossible), in which case you really only bought yourself time
God help you if you miss more than a quarter of revenues or have a down round. Kiss your ownership goodbye immediately
So yes, the author is right and the first few years of VC money are great! You pay the price with interest (literally) on the back end