Episode 729 | 9 Things I've Learned Investing in 170+ SaaS Companies

1253.809 - 1276.861 Rob Walling

But they owned 25% of this early-stage company. So I'm kind of like, are they really a founder when they are basically working for someone else? To me, that feels like... A nice equity grant to an employee. You know, he called himself a founder, but in essence, this is one of those cap tables that we could not fund because a founder working for 25% equity, it just doesn't make sense.