Many early-stage founders, impressed by my previous fundraising success, were asking my advice on how to build a deck to replicate my success. I had one piece of advice for them.
Don’t build a deck. Build a business.
Some time ago, I met with a friend and a founder of one company. She explained how it is difficult for her to work with a few investors who are behaving destructively. They cross the boundaries of their responsibilities. Push founders to do things founders don’t believe. They vent their emotions. The list can go on.
Today, I read this powerful letter from a CEO to a detrimental board member. I recommend reading it to everyone who has difficult relations with their investors.