20VC: Why Founder Mode is Dangerous & Could Encourage Bad Behaviour | Why Fundraising is a Waste of Time & OKRs are BS | Why Angel Investing is Bad for Founders to Do and the VC Model is on it's Last Legs with Zach Perret @ Plaid

1575.278 - 1589.622 Zach Perret

And he was investing $100,000 or something like that. And then the rest of the funding round fell apart. And we were out of money. We were basically dead as a company. And so we went to all the investors that had been planning to invest. And we were like, hey, look, the lead has backed out. We'd still love to take your money. But the lead is gone. And we just want to be transparent about it.