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What Makes an Entrepreneur? Cojones (7/11)

Both Sides of the Table

The problem was that he was still working out the lock-up period in his big company. If this idea was so big then why would they risk not being first to market, not building defensible IP for the sake of a few hundred thousand dollars extra in lock-up money at a big company? I finally called bullshit.

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The Corrosive Downside of Acquihires

Both Sides of the Table

And they might give a premium if the team has been around a longer period of time, has built some hard-to-build proprietary technology or has some customer traction. Let’s assume $2 million in seed money. Most founders stick around for their lock-up period (1-2 years) before going on to found their next company.