Digital ExistentialismEuphemism
Founder-Friendly
FOWN-der FREND-leeadjective
What it means
Describes investment terms that insulate the founder from the consequences of a failure everybody else absorbs.
What it actually means
He gets paid either way.
How it is used in a sentence
"The round was structured to be founder-friendly."
Filed under
Digital Existentialism — Ideas that were briefly worth billions, explained by people who are briefly employed.
Euphemism — The phrase hides something specific. We decode it.
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Related entries
Founder Mode
Digital ExistentialismFOWN-der mohdnounBafflegab
The practice of reasserting control over a company you already control, usually by firing people.
Real meaningThe board and I disagree.
Exit
Digital ExistentialismEG-zitnounEuphemism
The moment founders are paid for the company's potential, which was always the only part of it that existed.
Real meaningWe sold before it had to work.