it is not an executive's fault to want to de-risk. THis is capitalism, and everyone looks out to himself only.
it is venture capitalist's fault for signing up for this deal, that KILLED a company. Sure, they bribed executive to sign term sheet by allowing him to cash out, but now the entirety of DataRobot is going to be worth 0. VCs basically destroyed value of their LPs.
next time, VCs should think about employees who put hard work and keep company operating, not only executives.
Without people - any startup is just a worthless legal entity.
> THis is capitalism, and everyone looks out to himself only.
Absolutely not, Capitalism required democracy a system of justice and many other attributes of modern state. 'Law of the jungle' is niot capitalism and does not produce functional society.
The only thing that capitalism requires is stable full property rights (including transfer) on capital. It most certainly doesn't require democracy; most authocracies today are capitalist.
"stable property rights" can become a rather large number of rights.
Corruption is probably a bigger threat to these rights than nominal form of government; I'd say what is really needed is a strong tradition of rule of law.
it is venture capitalist's fault for signing up for this deal, that KILLED a company. Sure, they bribed executive to sign term sheet by allowing him to cash out, but now the entirety of DataRobot is going to be worth 0. VCs basically destroyed value of their LPs.
next time, VCs should think about employees who put hard work and keep company operating, not only executives.
Without people - any startup is just a worthless legal entity.