Why your VCs have different interests than you when it comes to exits

problem or something to manage as a founder that that you're used to being able to rely on your VCs a lot.

36:58 / 37:33

problem or something to manage as a founder that that you're used to being able to rely on your VCs a lot. You're used to sparring with them on a lot of things. But on this one point, a VC will very likely have different interest than you as a founder.

Absolutely. But but a lot of things as well, to be honest. I think, you know, VCs are in the game to to make money and give a positive return to their LPs so they'll come back in many years. No. And and I think that's legitimate, and I think we shouldn't be mistaken about what what the objective is. And

About this clip

Glovo founder Sacha Michaud reveals the uncomfortable truth about founder-VC alignment during exit decisions. He explains how VCs' primary obligation to generate returns for their LPs can create misaligned incentives with founders, particularly around timing and exit strategies.

Why this clip

This clip offers a candid perspective on the often unspoken tension between founder and VC interests during critical exit moments, challenging the common narrative of perfect alignment.

36:58 - 37:3335scontrarian take

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What they said next

Glovo's strategic exit from Latin America to double down on Eastern Europe

27:29 - 33s · founder story

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