Founder vs. Investor
by Jerry Neumann and Elizabeth Zalman · 2024
The honest, two-sided truth about the founder-VC relationship.
About
A founder and a VC lay out their conflicting incentives, in their own words.
Official summary
Written as point/counterpoint between a serial founder and a VC, it exposes the misaligned incentives across the funding lifecycle - fundraising, boards, control and exits - so each side understands what the other is really optimising for.
Why it’s an important read
It demystifies what your investors actually want and where your interests diverge - required reading before you take money.
