Silicon Valley's 'never quit' gospel serves VCs, not founders

We talk in Silicon Valley about never quit, but that is complete absolute venture capital bullshit. The incentive of venture capitalist is to put money into your company and milk you dry. They never get their money back. There is no way for them to take that investment back.

Ask your lawyer: if tomorrow Philip Morris shows up and offers you $1 per share more than your company is currently worth to buy it to sell cigarettes to children, do you have a fiduciary duty to say yes or no? Most would say you have a duty to say yes.

You still need to understand the provenance of your item. If you are saying, 'I have this design, I'm just going to throw it over the fence to a manufacturer that I've never met, that I don't know. I don't understand their processes, I may not agree with them,' that doesn't meet our criteria.