Two founders ignored my advice, raised billions anyway using my strategy
“But in both cases, the founders told me, we'll never do strategy b.”
Find this show
founders that came to you that you didn't go ahead with that ended up building something big? Oh, it's so funny you said that. So I had this, like, meeting today, and we were talking about I talked about two deals. Two deals where the founders came in and said, hey. I wanna do strategy a. And two deals where I was like, strategy a won't work. You've gotta do strategy b. But in both cases, the founders told me, we'll never do strategy b. We're only doing strategy a. And I was like, well, fine. It's not gonna work. K? In both deals, they went and raised money. In both deals, they eventually abandoned strategy a, and they did strategy b. And in both deals, they had billion dollar outcomes.
About this clip
Mike Jones shares a humbling story about two founders who rejected his strategic advice, only to later abandon their original plans and implement his suggested approach - both achieving billion-dollar outcomes. The anecdote highlights how founders sometimes need to discover the right path on their own timeline, even when experienced investors can see it clearly from the start.
Why this clip
This moment captures the ironic reality that being right as an investor doesn't always mean being persuasive, offering valuable insight into founder-investor dynamics.
What they said next
Why shopping at Erewhon means you don't understand real America
25:42 - 53s · contrarian take
More from this episode
Similar clips from other shows
From the blog
Want clips like this for your podcast?
We find your top 5-8 clips, write the hooks, and deliver ready-to-post content. First 2 episodes are free.
Get 2 Episodes Clipped Free