Colin Barry

Sittercity (FD, Monday, Week 4)


Founding teams who were previously friends are less stable (generally break up sooner). Whether that means they are less successful, or simply quicker to realize that a venture is headed for failure...

Maxims for co-founding with friends/family: have difficult conversations, sign pre-nupts.

Great tactic (echoes of first-year Strategy course): When a new VC-funded competitor entered, Genevieve Thiers and her team built a "shadow budget" using publicly available information, informal estimates, and her own firm's financials. Effectively discerned that competitor was not gaining traction and was hemorrhaging cash, responded accordingly.