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Eric Paley is a typical entrepreneur, see a problem, identify a solution, and make it a reality. Eric saw a major problem with the way venture funds went about their business and sought out to change it.
We spoke about Eric's journey as an entreprenuer, investor, and his vision for the future. He also shared tremendous insight from the perspective of an investor and advisor.
Background:
Paley launched Founder Collective because he believes that most venture funds are out of alignment with entrepreneurs at the seed stage. He says, "I believe that our goals are far more closely aligned with the entrepreneur as we are investing for the early stage, not to own an option on future investment rounds. We sit on the same side of the table going forward and manage success and dilution together."