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

1734.792 - 1752.025 Zach Perret

And that was a pretty hard thing to say, but I also couldn't. I didn't want to guarantee anything, because I couldn't. Then we got to the secondary. Then we did as much as we could. MARK BLYTHESAUER- Did they respond badly to that? MARK BLYTHESAUER- Some of them did, yeah. But not selfishly. Just people plan to buy a house, for example. Then we do the next round, which was a big step up valuation.