Why I won’t run another startup

https://medium.com/@arthurattwell/why-i-won-t-run-another-startup-e5ff64c933d0

by rodrigocoelho • 8 years ago

54 7 8 years ago

sunir• 8 years ago

There is definitely a huge industry designed to funnel venture capital away from ventures into what is effectively the entourage, hangers on, groupies, leeches and skeezers.

duxup• 8 years ago

"Another time, I got interviewed on a startup-support radio show, only to be asked to sign a letter afterwards saying they’d given us R188000 in airtime. (I didn’t sign.)"

What would the implications be if they signed?

rdiddly• 8 years ago

I assume they would claim "You now owe us R188000." (about $15,000)

joejerryronnie• 8 years ago

No, if the company ultimately became a huge success, the radio station would claim $15,000 in very early equity.

sonnyblarney• 8 years ago

My guess is that it would be a tax write off.

They'd have little chance of securing that value in equity or whatever, and probably impossible to claim it as revenue.

I mean they could do those things but it would be crazy.

But they could try write off a 'loss' (something of value they gave away) as a tax shield.

ttul• 8 years ago

Back in the dot com era, there were many hangers-on who cashed in on the mania as various types of leaches. They were characterized by their use of buzz words while not possessing the slightest comprehension of concepts underlying the terminology.

everybodyknows• 8 years ago

Needs a "2015" disclaimer.

Why I won’t run another startup

Related Stories