Startup founders – stay hungry, stay foolish.
By Samihah Azim (Founder & CEO, GleeBox)
I recently went to an event on Fundraising where Ajit Medhekar, part of Band of Angels, sat on the panel to discuss early stage fundraising and the various seed investment structures. He mentioned that if you’re getting paid, you’re most certainly not a Founder, specifically if this is an early stage company where all you really have is seed investment.
Barely 40 minutes later, I met a founder who’s considering shutting down their company because it wasn’t performing well. They sounded defeated and heartbroken, but this is a tale that’s all too common in Silicon Valley.