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A comment on Reid Hoffman's $30M bet: Send partners, not cash, to startups. Parent comment

Re:Reid Hoffman's $30M bet: Send partners, not cash, to star... by alasdair_ on Monday February 17, 2020 @11:58PM (#22353572)
I could see VC-provided specialists, like a lawyer, CPA, perhaps also specific skills like a data scientist before a startup has enough cash to employ one full-time but I don’t see why this would be any better than the startup employing the contractor themselves with cash.
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Re:Reid Hoffman's $30M bet: Send partners, not cash, to star... by jjeaff on Tuesday February 18, 2020 @05:06AM (#22354801)
I can see a much better situation where the VC gives you cash so you can hire your own CPA and lawyer.

We had a VC pull this garbage once. Although it wasn't for equity. They just offered it as a service "at cost".

We dropped their $90/hr Manhatten based book keeper and $800/hr attorney just as quick as we could without ruffling too many feathers.

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