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What Makes an Entrepreneur? Cojones (7/11)

Both Sides of the Table

If your idea is so amazing that it warrants my hard-earned angel money or the money of my LP investors from our fund then why should I take a risk on you if you won’t take a risk on yourself? I joined GRP Partners in 2007 before they raised their current fund (we closed a $200 million fund in March 2009). Why should I be?

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Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

I raised $500k in seed money to start the company. By then I was still on the board of my first company but it hadn’t yet sold (it ended up selling in 2007 to a publicly traded French company). But it is clearly not warranted in all cases. I had just moved back to the US from living in Europe for 11 years.

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