Founder Liquidity

Apparently PG agreed, 4 years ago:

http://www.paulgraham.com/vcsqueeze.html

It's nice to see some VCs adopting this stance -- I think it will indeed benefit all involved.

whilst hard to debate till you're in the situation, I really agree with Ron Conway:

> all money in a start-up should remain in the company

You make your money when you exit, and not before.

I couldn't agree more.