Integrity is doing the right thing when no one is watching.
I value the character judgment of a few people who have vouched for Conway (including pg), so i assume he's not a dishonorable man, but have no illusions -- your best interests as an entrepreneur aren't the same as the best interest of investors. Sure, they want to see you do well, but there will often be disagreements on how much to risk and how much to pay to see you get that succes.
I always say investors can get a 10% success rate and be incredibly successful. You, however, need a 100% success rate.
Yes, you need the angels, and if product/market is big enough , you'll need VCs. But don't kid yourself, investors are your 'friendly adversaries'. If you keep this in mind, and recognize the symbiotic relationship for what it is, you won't get disillusioned if thing don't exactly go your way.
I value the character judgment of a few people who have vouched for Conway (including pg), so i assume he's not a dishonorable man, but have no illusions -- your best interests as an entrepreneur aren't the same as the best interest of investors. Sure, they want to see you do well, but there will often be disagreements on how much to risk and how much to pay to see you get that succes.
I always say investors can get a 10% success rate and be incredibly successful. You, however, need a 100% success rate.
Yes, you need the angels, and if product/market is big enough , you'll need VCs. But don't kid yourself, investors are your 'friendly adversaries'. If you keep this in mind, and recognize the symbiotic relationship for what it is, you won't get disillusioned if thing don't exactly go your way.