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

1718.479 - 1734.772 Zach Perret

Then we had to get to the end of the transaction, and we walk away. And I was like, this is going to be better for the company in the long term. But all of a sudden, they couldn't spend the money. There's a very different aspect of liquidity that was real for them. And then we said, look, we're going to go raise money, and we hope that we're going to let you participate in a secondary.