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

1699.458 - 1717.618 Zach Perret

They don't spend the money practically, but they spend the money in their hat. They do. They've got that number. Exactly, exactly. Who am I to say that they shouldn't get mentally locked in on a thing? We said we're going to sell the company for this amount of money. Visa's a very legitimate buyer. There was real cash coming in. And I told them there was risk. But you spend the money in your head.