Investors sitting in salaried positions, judging founders on their work situation, disqualifying them on the spot for holding onto security for their family's sake until they know where the next grocery run is coming from. That's alarming and disheartening, to say the least.
The idea that founders with full-time jobs clearly aren't focused on their startup is ludicrous. I've met plenty of founders who work all day, put their kids to bed, then tinker until the wee hours of the morning. They are building incredible things.
So if a founder doesn't have money squirreled away, doesn't have a trust fund, can't feed their kids while working on their dream, they're not "dedicated" enough? They aren't solving a real problem for their customers?
Should that dictate their startup's strength or value in the eyes of investors? The post essentially said: "If a founder says they'll quit their full-time job once they get the funding, it's an automatic no."
I run a firm that works with early-stage founders across the globe. Some are fortunate to have significant runway. Many don't. They haven't spent ten years at JP Morgan or Citadel pulling a six-figure salary.
Wahoo ๐ Announcing Accelerate Her: Boston's first female-only venture accelerator. Registration is open! We kick off in March! @m_spidaliere@thefemtemplate
Supporting incredible founders, connecting them with aligned investors, and learning so much about this dynamic industry has been an absolute dream!
Here's the Year In Review: https://t.co/8U1Hltd2Jn
As 2024 comes to a close, I took some time to reflect on the journey of First Time Founder Capital (FTFC) in our first full year. Starting from scratch, we've built something truly remarkable!
@ShaanVP@thesamparr Iโm working with a founder right now who sold his first company for over a mil at 18. Now heโs built a new company and heโs reached about $100k in a few months in an unsexy industry.
Would love to make the introduction.