Entrepreneurs have to take risks and make risky decisions on a regular basis. That’s part of the deal. No risks, no rewards. You can argue that risk levels have been considerably reduced these past few years, especially for engineer founders, now that startups can be built from scratch with time and sweat, but they’re still there. Some of the risks and decisions include failure, bringing in a partner, adding key members to the team, adding investors to the capital of the company, product, getting rejected by customers, not meeting customer expectations, bruised reputation, raising too much money, raising too little money, competition, personal life struggles, health problems, etc.
One could argue that the guy who takes his chances and stays on the bike is more likely to swing for the fences, regardless of the situation. This could mean: raise as much money as is available on the best possible terms with a complete disregard to who the investors are, take all the business you can win even if don’t know if you’ll be able to deliver the goods yet....JS Cournoyer
