> Nat Friedman and Daniel Gross provided the pre-seed funding.
Why? Why should VCs get involved again?
They are just going to look for an exit and end up getting acquired by Apple Inc.
Not again.
replies(5):
Why? Why should VCs get involved again?
They are just going to look for an exit and end up getting acquired by Apple Inc.
Not again.
Daniel Gross set up a company that seemed akin to indebted servitude, modern day slavery. They called it "Pioneer" and later changed the terms, I guess because of backlash.
They gave you a little bit of money to "do whatever you want" but owned a huge stake in anything you did in the future for a long period of time. They didn't advertise that part very heavily, they mostly portrayed it as "we're doing this because we're philanthropists" imo, rather than because they wanted to reinvent indentured servitude within the modern legal framework.
Why do I write these posts? Because I desperately want to believe we can get rich without doing dishonest, evil things. Maybe I'm wrong. Maybe that's why all these guys behave this way. Maybe it really is never enough.