We had something like this happen in a startup I was at; a few months after we had been acquired, the rank-and file found out that the CEO was taking a medical leave of absence, and he passed away about two years after the merger. We subsequently learned that the medical issues had been known for some time to the people who *needed* to know: the C-levels and VPs, the VC investors who were nonetheless ready to put up another round of funding if we wanted to keep growing and the leadership of the acquiring company. It was also the case that the CEO's health issues were a reason for choosing to exit when we did rather than waiting a few more years; again, though, the VCs were OK if we'd wanted to keep going. It's also fair to note the CEO did *not* have the health issues when the VCs first came on board (about two years before the acquisition).
In assessing the risk, I think it's important to look at the team the founder has built and succession planning. If the company is still centered and dependent on the founder, then it may be prudent for the investors to back away. But if the founder has built a strong team that's ready to carry forth the mission and vision even in his/her absence, then the investors should be OK forging ahead.
I think either way it's going to be a risk and will be difficult to determine which path to go. Some people may have invested because the founder was using shots to be medically healthy while others may have seen this as a risk. In the end there's a lot of factors that could cause a VC to pass away most of them are out of anyone's control.
Of course you should take consideration Everything and when i say Everything i mean EVERYTHING ! yes that includes ALL Healt aspects of that persons life does he consume recreational Drugs is he taking risks treatments for conditions he might have and all medical conditions after all you need to be responsible with ur investment! Money doesnβt grow on threes and u need to be financially wise because u have ur family that needs you and if ur company fails no body is going to help you feed em !
Sorry for the lost of ur friend and your investment π«Ά
I'm sorry for the loss of your friend and colleague. I have had friends, colleagues, and investments die too, and I learned that those were not the right investments, for me. I would agree that it is worth investing in health, and healthy relationships. Should a VC invest in someone with mental illness? Sometimes yes, sometimes no, there are many other factors to consider. What are those factors, and how important are they? How are they prioritized? Is health the most important decision making factor, or what is? Is health static? Great question, thanks for asking and sharing the experience.
We had something like this happen in a startup I was at; a few months after we had been acquired, the rank-and file found out that the CEO was taking a medical leave of absence, and he passed away about two years after the merger. We subsequently learned that the medical issues had been known for some time to the people who *needed* to know: the C-levels and VPs, the VC investors who were nonetheless ready to put up another round of funding if we wanted to keep growing and the leadership of the acquiring company. It was also the case that the CEO's health issues were a reason for choosing to exit when we did rather than waiting a few more years; again, though, the VCs were OK if we'd wanted to keep going. It's also fair to note the CEO did *not* have the health issues when the VCs first came on board (about two years before the acquisition).
In assessing the risk, I think it's important to look at the team the founder has built and succession planning. If the company is still centered and dependent on the founder, then it may be prudent for the investors to back away. But if the founder has built a strong team that's ready to carry forth the mission and vision even in his/her absence, then the investors should be OK forging ahead.
I think either way it's going to be a risk and will be difficult to determine which path to go. Some people may have invested because the founder was using shots to be medically healthy while others may have seen this as a risk. In the end there's a lot of factors that could cause a VC to pass away most of them are out of anyone's control.
Of course you should take consideration Everything and when i say Everything i mean EVERYTHING ! yes that includes ALL Healt aspects of that persons life does he consume recreational Drugs is he taking risks treatments for conditions he might have and all medical conditions after all you need to be responsible with ur investment! Money doesnβt grow on threes and u need to be financially wise because u have ur family that needs you and if ur company fails no body is going to help you feed em !
Sorry for the lost of ur friend and your investment π«Ά
I'm sorry for the loss of your friend and colleague. I have had friends, colleagues, and investments die too, and I learned that those were not the right investments, for me. I would agree that it is worth investing in health, and healthy relationships. Should a VC invest in someone with mental illness? Sometimes yes, sometimes no, there are many other factors to consider. What are those factors, and how important are they? How are they prioritized? Is health the most important decision making factor, or what is? Is health static? Great question, thanks for asking and sharing the experience.