
I recently learned that a former client of mine who I'll call George had finally, after years of struggling, gotten term sheets from reputable investors for investment in his startup. By now, he should have the money in hand and be going gangbusters, executing on his strategy.
Unfortunately, it all fell apart. Why? He wanted to be remain CEO. The investors wanted his partner to take the job. George said thanks, but no thanks.
I don't know all the details of this situation, but the outcome breaks my heart.
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