A BILLIONAIRE INVESTOR

A BILLIONAIRE INVESTOR TOOK THREE STARTUP FOUNDERS TO DINNER HALFWAY THROUGH THE MEAL TWO OF TO USE THE AND HE LEANED OVER TO THE THERE FIRE YOUR TWO CO FOUNDERS I'LL GIVE YOU ALL OF THEIR STOCK THE FOUNDER STILL TABLE WAS MATTHEW THE CEO OF CLOUD FLARE TODAY THE COMPANY IS 90 BILLION DOLLARS THIS DINNER HAPPENED IT WAS WORTH JUST 700 MILLION AND HE WAS TWO CO FOUNDERS MICHELLE ZATLIN LEE HOLLOWAY THE TWO PEOPLE STEPPED AWAY FROM THE TABLE THE INVESTOR WAS VINOD KHOSLA HE COFOUNDED SUN MICROSYSTEMS ONE OF THE WORLD'S BEST KNOWN VENTURE CAPITALIST HE WAS ONE OF THE EARLIEST INVESTORS IN BIG LIKE DOOR DASH INSTACART AND OPEN AI BUT KHOSLA'S COMMENTS THAT NIGHT BOTHERED MATTHEW PRINCE SO MUSH HE EVENTUALLY BLOCKED THE LEGENDARY VENTURE CAPITALIST NUMBER VENTURE CAPITALIST PRINCE'S STORY RACKED UP MILLIONS OF VIEWS ON X AND THEN KOSLA RESPONDED BUT NOT YOU MIGHT EXPECT BELIEVE IT OR NOT KOSLA DIDN'T DENY THE STORY I MAY SOMETIMES BE WRONG BUT I WILL ALWAYS GIVE ENTREPRENEURS MY BEST AND HONEST OPINION POPULAR OR NOT THAT SAID IT'S A MAN ACCUSED THE WHOLE INTERNET OF TELLING A FOUNDER TO BACKSTAB HIS TWO PARTNERS WAS JUST GIVING HIS OPINION ASTOUNDED PRINCE REPLIED I IMAGINED A LOT OF RESPONSES DOUBLING DOWN WASN'T ONE OF THEM NEXT DAY THE POST CONTINUED TO BLOW UP ON X WHICH EVENTUALLY PROMPTED KOSLA TO CHIME IN AGAIN BUT THIS TIME STORY WE NOT FIRE THEM WE DID NOT OFFER TO INVEST BASED ON OUR ASSESSMENT OF THE TEAM SO FIRING AND EQUITY IS A TOTALLY FICTIONAL STORY HE SAID SEVERAL PRINCE FIRED BACK YOUR MEMORY IS FAILING MY FRIEND HE WHILE POSTING A SCREENSHOT ALONG WITH HIS RESPONSE THAT SCREENSHOT CONTAINED AN ACTUAL TERM SHEET THAT SHOWED COSLA OFFERING TO INVEST $50 MILLION IN CLOUD CORROBORATING PRINCE'S STORY AND CONTRADICTING COSLA'S THAT PROOF LED TO A COMMUNITY BEING PLACED UNDER COSLA'S DENIAL OUGH SO YOU THIS WOULD BE THE END OF AND EVERYONE WOULD PILE INTO COSLA AS USUALLY HAPPENS ON THE INTERNET WERE A LOT OF ANTI COSLA POSTS SURPRISING NUMBER OF DEFENDERS AS WELL ONE FOUNDER RECOUNTED HOW HIS STARTUP WAS SIX WEEKS AWAY FROM RUNNING OUT OF CASH BUT IN DESPERATION HE EMAILED COSLA WHO HE BARELY KNEW AT 1:39 IN THE MORNING THE VENTURE CAPITALIST WROTE BACK BEFORE 8 AM ASKING AND ACCORDING TO KOSLA GAVE HIM THE ADVICE AND ENCOURAGEMENT THAT EVENTUALLY LED TO HIM RAISING $1 MILLION SAVING HIS COMPANY OTHER FOUNDERS CHIMED THAT KOSLA TELLS IT LIKE IT AND HE DOES THE COMPANIES THAT HE BELIEVES IN EVERY FOUNDER THAT RAISES FROM VENODE KNOWS THE DEAL IF HE THINKS WAY HE'LL MOVE YOU THE COMPANY SHOULD PERSON TO MAKE HE'LL MOVE MOUNTAINS FOR IT THE RUTHLESSNESS THAT MAKES HIM DANGEROUS IS THE RUTHLESSNESS THAT MAKES HIM EXCEPTIONAL SHE SAID SO THERE'S DEFINITELY SOME DEBATE ABOUT COSLA THAT SAID IT'S NOT SURPRISING THAT YOU SEE BAD WHEN THE POWER DYNAMIC IS THIS LOPSIDED FOUNDERS NEED THE MONEY BADLY AND VCS ARE HOLDING IT SO HISTORICALLY THE LEVERAGE SITS ENTIRELY ON ONE SIDE OF THE TABLE MADE THE INTERESTING POINT OF THE VC HORROR STORIES ARE FROM 10+ YEARS AGO BECAUSE THE INDUSTRY HAS CHANGED SIGNIFICANTLY SINCE THEN TODAY MORE COMPETITION AMONG AND FOUNDERS HAVE MORE OPTIONS ANYWAY WHAT DO YOU IS BEING RUTHLESS A PART OF BEING A GOOD OR WAS THE DISCUSSION THAT COSLA HAD WITH MATTHEW PRINCE UNACCEPTABLE LET ME KNOW AND FOLLOW FOR THE ECONOMY AND INVESTING