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If you sell, say, 10-20% of your company to VCs, how can they force you to behave differently? Why can't you move on as if you were bootstrapped, while using the cash for whatever your company needs at the time (hiring, marketing, etc.).


You sell 10-20% 4, 5, or sometimes more times in an effort to increase the size of the pie while your share of the pie decreases.




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