How do VCs view the CEOs of startups who draw six-figure salaries and drive expensive sports cars when the company hasn’t made a dime and isn’t doing well? Is this common?

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JASON LEMKIN

I view them as Hopeless.

The only way a start-up has any chance, at least in SaaS/B2B, is if the founders truly see everything as positive sum.

You have too many people to recruit, too much of a mission to evangelize, too many customers to convince to take on your journey.

Would you work for this CEO?  I wouldn’t.

Maybe this works in B2C where a viral loop can lead to explosive growth irrespective of human inputs.

But in SaaS/Enterprise, anything you do that creates less respect, I think is problematic.

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Published on March 1, 2016
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