Tag Archives: unsolicited offers

Why money is the fastest way to kill your startup, according to a CEO who sold a company for nearly half a billion dollars

Why money is the fastest way to kill your startup, according to a CEO who sold a company for nearly half a billion dollars

Yuchun Lee says he turns down or ignores multiple unsolicited offers each week from investors interested in funding his Boston-based software company, Allego. Lee says his reason for turning down investors’ cash is strategic: There are plenty of downsides to taking in too much money too soon. Yuchun Lee, the founder of the sales software startup , is no stranger to turning down investors’ cash. Since he founded his company five years ago, the Boston-based entrepreneur has turned away scores of interested investors and venture-capital firms, he […]

More info

This former Wall Streeter turned down $2 million and pays herself less than her interns in order to build her company on her own terms

This former Wall Streeter turned down $2 million and pays herself less than her interns in order to build her company on her own terms

Kimberley Ho is a former Wall Street investor who launched her own direct-to-consumer family skincare company, Evereden. Ho turned down $2 million in funding from venture capitalists. Ho also said that she’s currently the lowest paid employee at her company.  Kimberley Ho is building a skincare company that she hopes will someday be just as ubiquitous as Johnson & Johnson. To do so, she’s thinking longterm. Ask the CEO what her primary goal for her organic, family-focused skincare line is, and she’ll answer without skipping a beat, […]

More info