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pg
on April 19, 2011
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The Downside of "Demo Day"
Dozens of times, I would guess, because dozens of startups we've funded have given up, and usually they consult me first.
robg
on April 19, 2011
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Which is the first go: Money or motivation?
pg
on April 19, 2011
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Usually money. A startup can change what it's working on, so as long as there's money left, they can simply restart if an idea seems hopeless.
When motivation goes first, it's usually because the founders had a falling out.
pclark
on April 19, 2011
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What is the typical circumstance where you tell the founders to quit?
pg
on April 19, 2011
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When they're out of money and they say they want to.
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